J Sainsbury plc (LON:SBRY) rose 0.1% during mid-day trading on Monday . The company traded as high as GBX 252.80 ($3.49) and last traded at GBX 251.20 ($3.47). Approximately 3,760,000 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 8,930,000 shares. The stock had previously closed at GBX 250.90 ($3.47).
SBRY has been the subject of a number of recent research reports. Berenberg Bank reiterated a “buy” rating and issued a GBX 300 ($4.14) target price on shares of J Sainsbury in a research note on Thursday, November 23rd. Deutsche Bank reiterated a “hold” rating and issued a GBX 300 ($4.14) target price on shares of J Sainsbury in a research note on Wednesday, October 25th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a GBX 200 ($2.76) target price on shares of J Sainsbury in a research note on Friday, December 15th. Credit Suisse Group lowered J Sainsbury to a “neutral” rating and lowered their target price for the company from GBX 295 ($4.08) to GBX 275 ($3.80) in a research note on Monday, January 22nd. Finally, reiterated a “reduce” rating and issued a GBX 200 ($2.76) target price on shares of J Sainsbury in a research note on Tuesday, November 7th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 259.75 ($3.59).
The company has a market cap of $5,500.00 and a PE ratio of 2,512.00.
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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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