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).

Analyst Recommendations for J Sainsbury plc (LON:SBRY)

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