J Sainsbury plc (LON:SBRY)‘s stock had its “buy” rating reissued by equities research analysts at Shore Capital in a research note issued on Wednesday, October 25th.
SBRY has been the subject of several other reports. Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 320 ($4.21) target price on shares of J Sainsbury plc in a research report on Tuesday, August 29th. BNP Paribas reaffirmed a “neutral” rating and set a GBX 250 ($3.29) target price on shares of J Sainsbury plc in a research report on Wednesday, September 13th. Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 300 ($3.95) target price on shares of J Sainsbury plc in a research report on Tuesday, August 1st. HSBC Holdings plc reaffirmed a “reduce” rating on shares of J Sainsbury plc in a research report on Wednesday, September 6th. Finally, Barclays PLC lowered their target price on J Sainsbury plc from GBX 260 ($3.42) to GBX 240 ($3.16) 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, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. J Sainsbury plc has a consensus rating of “Hold” and an average price target of GBX 267.43 ($3.52).
Shares of J Sainsbury plc (LON SBRY) traded up GBX 3 ($0.04) during trading hours on Wednesday, reaching GBX 232.20 ($3.05). The company had a trading volume of 10,541,454 shares, compared to its average volume of 8,440,000. J Sainsbury plc has a twelve month low of GBX 224.10 ($2.95) and a twelve month 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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