J Sainsbury plc’s (LON:SBRY) “Reduce” Rating Reiterated at HSBC Holdings plc

J Sainsbury plc (LON:SBRY)‘s stock had its “reduce” rating reissued by equities researchers at HSBC Holdings plc in a research note issued on Wednesday. They currently have a GBX 200 ($2.61) target price on the grocer’s stock. HSBC Holdings plc’s price target would suggest a potential downside of 18.40% from the stock’s previous close.

SBRY has been the topic of several other reports. Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 300 ($3.91) target price on shares of J Sainsbury plc in a research note on Wednesday, May 10th. Jefferies Group LLC reaffirmed a “hold” rating and set a GBX 260 ($3.39) target price on shares of J Sainsbury plc in a research note on Tuesday, April 25th. Goldman Sachs Group, Inc. (The) cut their target price on shares of J Sainsbury plc from GBX 205 ($2.67) to GBX 200 ($2.61) and set a “sell” rating on the stock in a research note on Monday, July 3rd. UBS AG upped their target price on shares of J Sainsbury plc from GBX 330 ($4.30) to GBX 360 ($4.69) and gave the stock a “buy” rating in a research note on Friday, April 7th. Finally, Barclays PLC reaffirmed an “equal weight” rating and set a GBX 260 ($3.39) target price on shares of J Sainsbury plc in a research note on Thursday, May 4th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of GBX 268.50 ($3.50).

J Sainsbury plc (LON:SBRY) opened at 248.00 on Wednesday. The stock’s 50 day moving average is GBX 255.88 and its 200-day moving average is GBX 263.14. The company’s market capitalization is GBX 5.42 billion. J Sainsbury plc has a 1-year low of GBX 220.14 and a 1-year high of GBX 283.60.

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In other news, insider Michael Andrew Coupe sold 86,095 shares of the company’s stock in a transaction on Thursday, May 4th. The shares were sold at an average price of GBX 259 ($3.37), for a total value of £222,986.05 ($290,497.72). Also, insider Jean Tomlin bought 3,100 shares of the stock in a transaction dated Thursday, May 11th. The stock was bought at an average price of GBX 265 ($3.45) per share, with a total value of £8,215 ($10,702.19). In the last 90 days, insiders bought 25,072 shares of company stock valued at $6,665,245.

About J Sainsbury plc

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).