Deutsche Bank AG Reaffirms “Hold” Rating for J Sainsbury plc (LON:SBRY)

Deutsche Bank AG restated their hold rating on shares of J Sainsbury plc (LON:SBRY) in a research report sent to investors on Tuesday morning, StockTargetPrices.com reports. The brokerage currently has a GBX 300 ($3.96) price objective on the grocer’s stock.

SBRY has been the subject of several other research reports. HSBC Holdings plc cut their price target on J Sainsbury plc from GBX 205 ($2.70) to GBX 200 ($2.64) and set a reduce rating for the company in a research note on Tuesday, June 20th. Goldman Sachs Group, Inc. (The) reaffirmed a sell rating and set a GBX 205 ($2.70) price target on shares of J Sainsbury plc in a research note on Monday, April 24th. Jefferies Group LLC reaffirmed a hold rating and set a GBX 260 ($3.43) price target on shares of J Sainsbury plc in a research note on Tuesday, April 25th. J P Morgan Chase & Co reaffirmed an underweight rating and set a GBX 200 ($2.64) price target on shares of J Sainsbury plc in a research note on Thursday, April 6th. Finally, Shore Capital reaffirmed a buy rating on shares of J Sainsbury plc in a research note on Wednesday, May 3rd. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of GBX 268.50 ($3.54).

Shares of J Sainsbury plc (SBRY) opened at 252.50 on Tuesday. J Sainsbury plc has a 12-month low of GBX 220.14 and a 12-month high of GBX 283.60. The stock’s 50 day moving average is GBX 250.82 and its 200-day moving average is GBX 262.56. The stock’s market cap is GBX 5.51 billion.

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In other news, insider John Rogers bought 21,839 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The stock was acquired at an average price of GBX 266 ($3.51) per share, for a total transaction of £58,091.74 ($76,628.07). Also, insider Jean Tomlin bought 3,100 shares of the firm’s stock in a transaction dated Thursday, May 11th. The shares were purchased at an average price of GBX 265 ($3.50) per share, with a total value of £8,215 ($10,836.30). Insiders acquired a total of 25,072 shares of company stock valued at $6,665,245 in the last 90 days.

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).