HSBC Holdings plc reiterated their reduce rating on shares of J Sainsbury plc (LON:SBRY) in a research report sent to investors on Wednesday, July 26th. The brokerage currently has a GBX 200 ($2.60) price target on the grocer’s stock.
Other equities research analysts have also recently issued research reports about the stock. UBS AG lifted their price target 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 report on Friday, April 7th. Shore Capital reaffirmed a buy rating on shares of J Sainsbury plc in a report on Monday, July 3rd. J P Morgan Chase & Co reaffirmed an underweight rating and issued a GBX 200 ($2.60) price target on shares of J Sainsbury plc in a report on Wednesday, July 5th. Goldman Sachs Group, Inc. (The) reaffirmed a sell rating and issued a GBX 205 ($2.67) price target on shares of J Sainsbury plc in a report on Wednesday, April 12th. Finally, Deutsche Bank AG reiterated a hold rating and issued a GBX 300 ($3.91) price objective on shares of J Sainsbury plc in a research note on Wednesday, May 10th. Three research 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. The company currently has an average rating of Hold and an average price target of GBX 268.50 ($3.50).
J Sainsbury plc (SBRY) traded down 0.86% during trading on Wednesday, hitting GBX 241.60. The stock had a trading volume of 3,727,583 shares. The firm’s market capitalization is GBX 5.28 billion. The firm has a 50 day moving average price of GBX 248.47 and a 200-day moving average price of GBX 261.76. J Sainsbury plc has a 1-year low of GBX 224.10 and a 1-year high of GBX 283.60.
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In other J Sainsbury plc news, insider John Rogers purchased 21,839 shares of the stock in a transaction on Tuesday, May 16th. The stock was acquired at an average cost of GBX 266 ($3.46) per share, with a total value of £58,091.74 ($75,650.14). Insiders acquired 22,019 shares of company stock valued at $5,855,307 over the last three months.
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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