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).

Analyst Recommendations for J Sainsbury plc (LON:SBRY)

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