J Sainsbury plc (SBRY) PT Lowered to GBX 295
J Sainsbury plc (LON:SBRY) had its price target reduced by investment analysts at Credit Suisse Group from GBX 320 ($4.24) to GBX 295 ($3.91) in a research note issued to investors on Monday. The brokerage presently has an “outperform” rating on the grocer’s stock. Credit Suisse Group’s price objective would suggest a potential upside of 19.19% from the company’s previous close.
Other research analysts have also issued research reports about the stock. HSBC Holdings plc dropped their price objective on shares of J Sainsbury plc from GBX 205 ($2.72) to GBX 200 ($2.65) and set a “reduce” rating for the company in a report on Tuesday, June 20th. Shore Capital reissued a “buy” rating on shares of J Sainsbury plc in a report on Tuesday, August 22nd. BNP Paribas reissued a “neutral” rating and set a GBX 250 ($3.32) target price on shares of J Sainsbury plc in a report on Wednesday, September 13th. Deutsche Bank AG reissued a “hold” rating and set a GBX 300 ($3.98) target price on shares of J Sainsbury plc in a report on Tuesday, August 1st. Finally, Barclays PLC decreased their price target on shares of J Sainsbury plc from GBX 260 ($3.45) to GBX 240 ($3.18) and set an “equal weight” rating for the company in a research report on Friday, September 1st. Three analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 266.93 ($3.54).
J Sainsbury plc (LON SBRY) opened at 243.90 on Monday. The company’s market cap is GBX 5.33 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 is GBX 237.78 and its 200-day moving average is GBX 254.84.
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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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