J P Morgan Chase & Co reaffirmed their underweight rating on shares of J Sainsbury (LON:SBRY) in a research report released on Wednesday, MarketBeat.com reports. J P Morgan Chase & Co currently has a GBX 200 ($2.68) target price on the grocer’s stock.
Several other equities research analysts have also recently issued reports on the stock. Citigroup restated a buy rating and set a GBX 305 ($4.08) price objective on shares of J Sainsbury in a research report on Wednesday, September 20th. Deutsche Bank restated a hold rating and set a GBX 300 ($4.02) price objective on shares of J Sainsbury in a research report on Wednesday, October 25th. Credit Suisse Group restated an outperform rating and set a GBX 320 ($4.29) price objective on shares of J Sainsbury in a research report on Tuesday, August 29th. restated a reduce rating on shares of J Sainsbury in a research report on Wednesday, September 6th. Finally, Shore Capital restated a buy rating on shares of J Sainsbury in a research report on Thursday, November 9th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of GBX 265.69 ($3.56).
Shares of J Sainsbury (LON:SBRY) opened at GBX 233.32 ($3.12) on Wednesday. J Sainsbury has a 12-month low of GBX 222.40 ($2.98) and a 12-month high of GBX 283.60 ($3.80).
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J Sainsbury 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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