J Sainsbury plc (SBRY) Coverage Initiated by Analysts at Berenberg Bank
Equities research analysts at Berenberg Bank assumed coverage on shares of J Sainsbury plc (LON:SBRY) in a research report issued on Tuesday. The firm set a “buy” rating and a GBX 300 ($3.98) price target on the grocer’s stock. Berenberg Bank’s price objective suggests a potential upside of 25.16% from the company’s previous close.
A number of other research analysts also recently weighed in on the company. Credit Suisse Group restated an “outperform” rating and issued a GBX 320 ($4.24) price target on shares of J Sainsbury plc in a research report on Tuesday, August 29th. HSBC Holdings plc decreased their price objective on J Sainsbury plc from GBX 205 ($2.72) to GBX 200 ($2.65) and set a “reduce” rating for the company in a research note on Tuesday, June 20th. Shore Capital reiterated a “buy” rating on shares of J Sainsbury plc in a report on Tuesday, August 22nd. BNP Paribas reiterated a “neutral” rating and issued a GBX 250 ($3.32) price objective on shares of J Sainsbury plc in a report on Wednesday, September 13th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a GBX 300 ($3.98) target price on shares of J Sainsbury plc in a research note on Tuesday, August 1st. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of GBX 266.93 ($3.54).
J Sainsbury plc (SBRY) opened at 239.70 on Tuesday. The company has a 50-day moving average price of GBX 237.51 and a 200-day moving average price of GBX 254.90. The stock’s market cap is GBX 5.23 billion. J Sainsbury plc has a 52 week low of GBX 224.10 and a 52 week high of GBX 283.60.
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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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