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).

Analyst Recommendations for J Sainsbury plc (LON:SBRY)

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