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%.
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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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