Deutsche Bank Reiterates “Hold” Rating for J Sainsbury (SBRY)

J Sainsbury (LON:SBRY)‘s stock had its “hold” rating restated by equities research analysts at Deutsche Bank in a note issued to investors on Thursday, November 16th. They presently have a GBX 300 ($4.04) target price on the grocer’s stock. Deutsche Bank’s price objective suggests a potential upside of 28.81% from the stock’s current price.

A number of other equities analysts have also issued reports on the company. Citigroup reaffirmed a “buy” rating and issued a GBX 305 ($4.10) target price on shares of J Sainsbury in a research report on Wednesday, September 20th. Credit Suisse Group reaffirmed an “outperform” rating and issued a GBX 320 ($4.31) target price on shares of J Sainsbury in a research report on Tuesday, August 29th. reaffirmed a “reduce” rating on shares of J Sainsbury in a research report on Wednesday, September 6th. Shore Capital reissued a “buy” rating on shares of J Sainsbury in a research report on Thursday, November 9th. Finally, Jefferies Group reissued a “hold” rating and set a GBX 250 ($3.36) price target on shares of J Sainsbury in a research report on Friday, November 10th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of GBX 265.69 ($3.58).

Shares of J Sainsbury (SBRY) traded down GBX 0.10 ($0.00) on Thursday, hitting GBX 232.90 ($3.13). The company’s stock had a trading volume of 9,862,743 shares, compared to its average volume of 9,520,000. J Sainsbury has a one year low of GBX 222.40 ($2.99) and a one year high of GBX 283.60 ($3.82).

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About J Sainsbury

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 (LON:SBRY)

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