HSBC Holdings plc reaffirmed their reduce rating on shares of J Sainsbury plc (LON:SBRY) in a research report report published on Wednesday, July 26th. HSBC Holdings plc currently has a GBX 200 ($2.64) price objective on the grocer’s stock.
Other analysts have also issued reports about the stock. Shore Capital reiterated a buy rating on shares of J Sainsbury plc in a report on Wednesday, May 3rd. UBS AG increased their target price on shares of J Sainsbury plc from GBX 330 ($4.35) to GBX 360 ($4.75) and gave the stock a buy rating in a report on Friday, April 7th. Citigroup Inc. reiterated a buy rating and set a GBX 305 ($4.02) target price on shares of J Sainsbury plc in a report on Tuesday, June 20th. Barclays PLC reissued an equal weight rating and issued a GBX 260 ($3.43) price target on shares of J Sainsbury plc in a research note on Thursday, May 4th. Finally, Deutsche Bank AG reissued a hold rating and issued a GBX 300 ($3.96) price target on shares of J Sainsbury plc in a research note on Wednesday, May 10th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of GBX 268.50 ($3.54).
J Sainsbury plc (LON:SBRY) opened at 252.50 on Wednesday. J Sainsbury plc has a 12 month low of GBX 220.14 and a 12 month high of GBX 283.60. The company’s market capitalization is GBX 5.51 billion. The company’s 50-day moving average price is GBX 250.82 and its 200 day moving average price is GBX 262.56.
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In other news, insider Jean Tomlin acquired 3,100 shares of the firm’s stock in a transaction dated Thursday, May 11th. The shares were purchased at an average cost of GBX 265 ($3.50) per share, for a total transaction of £8,215 ($10,836.30). Also, insider John Rogers acquired 21,839 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The shares were purchased at an average price of GBX 266 ($3.51) per share, for a total transaction of £58,091.74 ($76,628.07). Insiders have bought a total of 25,072 shares of company stock worth $6,665,245 in the last quarter.
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).
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