J Sainsbury plc (SBRY) Rating Reiterated by J P Morgan Chase & Co
J Sainsbury plc (LON:SBRY)‘s stock had its “underweight” rating reaffirmed by research analysts at J P Morgan Chase & Co in a research report issued to clients and investors on Friday. They currently have a GBX 200 ($2.63) price target on the grocer’s stock. J P Morgan Chase & Co’s price objective would suggest a potential downside of 13.87% from the stock’s current price.
A number of other research analysts also recently issued reports on SBRY. Jefferies Group LLC reiterated a “hold” rating and set a GBX 250 ($3.29) price objective on shares of J Sainsbury plc in a report on Friday. Shore Capital reiterated a “buy” rating on shares of J Sainsbury plc in a report on Thursday. HSBC Holdings plc reiterated a “reduce” rating and set a GBX 200 ($2.63) price objective on shares of J Sainsbury plc in a report on Tuesday, November 7th. Deutsche Bank AG restated a “hold” rating and issued a GBX 300 ($3.95) price target on shares of J Sainsbury plc in a research note on Friday. Finally, BNP Paribas restated a “neutral” rating and issued a GBX 250 ($3.29) price target on shares of J Sainsbury plc in a research note on Wednesday, September 13th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of GBX 267.43 ($3.52).
J Sainsbury plc (LON SBRY) opened at GBX 232.20 ($3.05) on Friday. J Sainsbury plc has a fifty-two week low of GBX 224.10 ($2.95) and a fifty-two week high of GBX 283.60 ($3.73).
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About J Sainsbury plc
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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