J Sainsbury plc’s (SBRY) Buy Rating Reaffirmed at Citigroup Inc.
Citigroup Inc. reaffirmed their buy rating on shares of J Sainsbury plc (LON:SBRY) in a research report released on Wednesday. Citigroup Inc. currently has a GBX 305 ($4.11) price target on the grocer’s stock.
Other equities analysts also recently issued reports about the company. Shore Capital restated a buy rating on shares of J Sainsbury plc in a research note on Monday, July 3rd. Barclays PLC restated an equal weight rating and issued a GBX 260 ($3.51) target price on shares of J Sainsbury plc in a research note on Thursday, June 15th. Deutsche Bank AG restated a hold rating and issued a GBX 300 ($4.04) target price on shares of J Sainsbury plc in a research note on Wednesday, July 26th. BNP Paribas reiterated a neutral rating and set a GBX 250 ($3.37) price objective on shares of J Sainsbury plc in a research report on Wednesday, September 13th. Finally, Credit Suisse Group boosted their price objective on J Sainsbury plc from GBX 300 ($4.04) to GBX 320 ($4.31) and gave the stock an outperform rating in a research report on Friday, May 26th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. J Sainsbury plc presently has a consensus rating of Hold and a consensus target price of GBX 266.36 ($3.59).
Shares of J Sainsbury plc (SBRY) opened at 233.30 on Wednesday. The firm’s market capitalization is GBX 5.09 billion. J Sainsbury plc has a 52-week low of GBX 224.10 and a 52-week high of GBX 283.60. The firm’s 50-day moving average price is GBX 240.22 and its 200-day moving average price is GBX 256.78.
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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).
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