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).
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