Shares of J Sainsbury plc (LON:SBRY) have received a consensus recommendation of “Hold” from the fifteen analysts that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is GBX 269.23 ($3.51).
Several research firms have recently weighed in on SBRY. HSBC Holdings plc lowered their price objective on shares of J Sainsbury plc from GBX 205 ($2.67) to GBX 200 ($2.60) and set a “reduce” rating on the stock in a research note on Tuesday, June 20th. Deutsche Bank AG restated a “hold” rating and set a GBX 300 ($3.91) price objective on shares of J Sainsbury plc in a research note on Wednesday, May 10th. Jefferies Group LLC restated a “hold” rating and set a GBX 260 ($3.39) price objective on shares of J Sainsbury plc in a research note on Tuesday, April 25th. Goldman Sachs Group, Inc. (The) lowered their price objective on shares of J Sainsbury plc from GBX 205 ($2.67) to GBX 200 ($2.60) and set a “sell” rating on the stock in a research note on Monday, July 3rd. Finally, Barclays PLC restated an “equal weight” rating and set a GBX 260 ($3.39) price objective on shares of J Sainsbury plc in a research note on Thursday, May 4th.
In other J Sainsbury plc news, insider John Rogers acquired 21,839 shares of the business’s stock in a transaction on Tuesday, May 16th. The stock was purchased at an average price of GBX 266 ($3.46) per share, with a total value of £58,091.74 ($75,650.14). Insiders acquired a total of 22,019 shares of company stock valued at $5,855,307 in the last three months.
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J Sainsbury plc (LON:SBRY) traded down 0.85% during midday trading on Friday, reaching GBX 243.70. 4,345,400 shares of the company’s stock were exchanged. J Sainsbury plc has a 52 week low of GBX 224.10 and a 52 week high of GBX 283.60. The company’s market cap is GBX 5.32 billion. The firm has a 50-day moving average price of GBX 248.84 and a 200 day moving average price of GBX 261.89.
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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