Deutsche Bank AG restated their hold rating on shares of J Sainsbury plc (LON:SBRY) in a research note published on Wednesday morning. The firm currently has a GBX 300 ($3.91) price objective on the grocer’s stock.
SBRY has been the subject of several other reports. HSBC Holdings plc reduced their price target on J Sainsbury plc from GBX 205 ($2.67) to GBX 200 ($2.61) and set a reduce rating for the company in a report on Tuesday, June 20th. Goldman Sachs Group, Inc. (The) reiterated a sell rating and set a GBX 205 ($2.67) price target on shares of J Sainsbury plc in a report on Monday, April 24th. Jefferies Group LLC reiterated a hold rating and set a GBX 260 ($3.39) price target on shares of J Sainsbury plc in a report on Tuesday, April 25th. J P Morgan Chase & Co reiterated an underweight rating and set a GBX 200 ($2.61) price target on shares of J Sainsbury plc in a report on Thursday, April 6th. Finally, Shore Capital restated a buy rating on shares of J Sainsbury plc in a report on Wednesday, May 3rd. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. J Sainsbury plc has an average rating of Hold and a consensus target price of GBX 268.50 ($3.50).
Shares of J Sainsbury plc (LON SBRY) traded up 0.24% on Wednesday, hitting GBX 249.10. 4,980,055 shares of the stock traded hands. The company’s 50 day moving average is GBX 252.89 and its 200 day moving average is GBX 262.89. J Sainsbury plc has a one year low of GBX 220.14 and a one year high of GBX 283.60. The stock’s market cap is GBX 5.44 billion.
The business also recently declared a dividend, which was paid on Friday, July 7th. Shareholders of record on Thursday, May 11th were given a GBX 6.60 ($0.09) dividend. This represents a yield of 2.36%. This is a boost from J Sainsbury plc’s previous dividend of $3.60. The ex-dividend date of this dividend was Thursday, May 11th.
In related news, insider John Rogers purchased 21,839 shares of the stock in a transaction on Tuesday, May 16th. The shares were purchased at an average cost of GBX 266 ($3.47) per share, for a total transaction of £58,091.74 ($75,679.70). Also, insider Jean Tomlin purchased 3,100 shares of the stock in a transaction on Thursday, May 11th. The stock was bought at an average price of GBX 265 ($3.45) per share, for a total transaction of £8,215 ($10,702.19). Insiders acquired 25,072 shares of company stock worth $6,665,245 over the last quarter.
J Sainsbury plc Company Profile
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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