J Sainsbury plc (LON:SBRY) Rating Reiterated by Shore Capital

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).

Analyst Recommendations for J Sainsbury plc (LON:SBRY)

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