J Sainsbury (SBRY) Given Underweight Rating at J P Morgan Chase & Co

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).

The firm also recently disclosed a dividend, which will be paid on Tuesday, January 2nd. Investors of record on Thursday, November 16th will be issued a GBX 3.10 ($0.04) dividend. This represents a dividend yield of 1.34%. The ex-dividend date of this dividend is Thursday, November 16th.

COPYRIGHT VIOLATION NOTICE: “J Sainsbury (SBRY) Given Underweight Rating at J P Morgan Chase & Co” was first reported by Community Financial News and is the property of of Community Financial News. If you are accessing this piece of content on another domain, it was stolen and republished in violation of international copyright & trademark legislation. The original version of this piece of content can be accessed at https://www.com-unik.info/2017/12/03/j-sainsbury-sbry-given-underweight-rating-at-j-p-morgan-chase-co.html.

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).

Analyst Recommendations for J Sainsbury (LON:SBRY)

What are top analysts saying about J Sainsbury plc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for J Sainsbury plc and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit