J Sainsbury plc (LON:SBRY)‘s stock had its “reduce” rating reiterated by stock analysts at in a note issued to investors on Monday. They presently have a GBX 200 ($2.63) target price on the grocer’s stock. ‘s target price would suggest a potential downside of 12.36% from the stock’s previous close.

Several other research analysts have also weighed in on the company. J P Morgan Chase & Co reaffirmed an “underweight” rating and set a GBX 200 ($2.63) price target on shares of J Sainsbury plc in a research report on Friday, November 10th. Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 300 ($3.95) price target on shares of J Sainsbury plc in a research report on Friday, November 10th. Jefferies Group LLC reaffirmed a “hold” rating and set a GBX 250 ($3.29) price target on shares of J Sainsbury plc in a research report on Friday, November 10th. Shore Capital reaffirmed a “buy” rating on shares of J Sainsbury plc in a research report on Thursday, November 9th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 295 ($3.88) price target on shares of J Sainsbury plc in a research report on Friday, October 20th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. J Sainsbury plc presently has a consensus rating of “Hold” and an average price target of GBX 267.43 ($3.52).

J Sainsbury plc (LON:SBRY) opened at GBX 228.20 ($3.00) on Monday. J Sainsbury plc has a 1 year low of GBX 224.10 ($2.95) and a 1 year high of GBX 283.60 ($3.73).

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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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