J Sainsbury (SBRY) Receives Underweight Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their underweight rating on shares of J Sainsbury (LON:SBRY) in a research report sent to investors on Thursday morning. The firm currently has a GBX 200 ($2.71) target price on the grocer’s stock.

Several other equities research analysts also recently issued reports on SBRY. Shore Capital restated a buy rating on shares of J Sainsbury in a research report on Wednesday, October 18th. Kepler Capital Markets restated a hold rating and set a GBX 252 ($3.42) target price on shares of J Sainsbury in a research report on Thursday, January 11th. Deutsche Bank restated a hold rating and set a GBX 300 ($4.07) target price on shares of J Sainsbury in a research report on Thursday, September 28th. Barclays restated an equal weight rating and set a GBX 240 ($3.25) target price on shares of J Sainsbury in a research report on Friday, January 12th. Finally, Credit Suisse Group dropped their target price on J Sainsbury from GBX 320 ($4.34) to GBX 295 ($4.00) and set an outperform rating on the stock in a research report on Monday, October 2nd. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. J Sainsbury presently has an average rating of Hold and an average price target of GBX 261 ($3.54).

J Sainsbury (LON SBRY) traded up GBX 0.30 ($0.00) during trading hours on Thursday, hitting GBX 258 ($3.50). The company’s stock had a trading volume of 12,610,511 shares, compared to its average volume of 7,920,000. The stock has a market capitalization of $5,640.00 and a P/E ratio of 2,580.00. J Sainsbury has a 12-month low of GBX 222.40 ($3.02) and a 12-month high of GBX 339.89 ($4.61).

The company also recently announced a dividend, which was paid on Tuesday, January 2nd. Investors of record on Thursday, November 16th were paid a GBX 3.10 ($0.04) dividend. The ex-dividend date was Thursday, November 16th. This represents a yield of 1.34%.

TRADEMARK VIOLATION NOTICE: This piece was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece on another publication, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The legal version of this piece can be viewed at https://www.dispatchtribunal.com/2018/01/20/j-sainsbury-sbry-receives-underweight-rating-from-jpmorgan-chase-co.html.

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)

Receive News & Ratings for J Sainsbury Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J Sainsbury and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply