BNP Paribas Reaffirms Neutral Rating for J Sainsbury plc (SBRY)
BNP Paribas reaffirmed their neutral rating on shares of J Sainsbury plc (LON:SBRY) in a research note issued to investors on Wednesday. BNP Paribas currently has a GBX 250 ($3.23) price target on the grocer’s stock.
Several other research analysts also recently weighed in on the company. HSBC Holdings plc reiterated a reduce rating on shares of J Sainsbury plc in a report on Wednesday, September 6th. Barclays PLC dropped their price objective on J Sainsbury plc from GBX 260 ($3.36) to GBX 240 ($3.10) and set an equal weight rating for the company in a report on Friday, September 1st. Credit Suisse Group restated an outperform rating and set a GBX 320 ($4.13) price objective on shares of J Sainsbury plc in a report on Tuesday, August 29th. Shore Capital restated a buy rating on shares of J Sainsbury plc in a report on Tuesday, August 22nd. Finally, Deutsche Bank AG restated a hold rating and set a GBX 300 ($3.87) price objective on shares of J Sainsbury plc in a report on Tuesday, August 1st. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average target price of GBX 266.36 ($3.44).
J Sainsbury plc (LON SBRY) opened at 237.70 on Wednesday. J Sainsbury plc has a 52-week low of GBX 224.10 and a 52-week high of GBX 283.60. The stock’s market capitalization is GBX 5.19 billion. The stock’s 50 day moving average price is GBX 240.64 and its 200 day moving average price is GBX 257.29.
TRADEMARK VIOLATION WARNING: “BNP Paribas Reaffirms Neutral Rating for J Sainsbury plc (SBRY)” was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another domain, it was stolen and republished in violation of United States and international copyright laws. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2017/09/16/bnp-paribas-reaffirms-neutral-rating-for-j-sainsbury-plc-sbry.html.
J Sainsbury plc Company Profile
J Sainsbury plc is engaged in grocery-related retailing and retail banking. The Company’s segments include Retailing; Financial services, and Property investments. The Retailing segment is engaged in the operation of supermarkets and convenience. The Financial services segment includes the operations of Sainsbury’s Bank plc (Sainsbury’s Bank).
Receive News & Stock Ratings for J Sainsbury plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J Sainsbury plc and related stocks with our FREE daily email newsletter.