J Sainsbury (SBRY) Receives New Coverage from Analysts at Kepler Capital Markets

Kepler Capital Markets began coverage on shares of J Sainsbury (LON:SBRY) in a research note issued to investors on Wednesday. The firm issued a hold rating and a GBX 252 ($3.39) price target on the grocer’s stock.

Other equities analysts have also recently issued reports about the company. Shore Capital reiterated a buy rating on shares of J Sainsbury in a report on Wednesday, October 18th. Deutsche Bank reiterated a hold rating on shares of J Sainsbury in a report on Wednesday, October 18th. Jefferies Group lowered their price target on J Sainsbury from GBX 260 ($3.50) to GBX 250 ($3.36) and set a hold rating for the company in a report on Monday, October 23rd. Credit Suisse Group reiterated an outperform rating and set a GBX 295 ($3.97) price target on shares of J Sainsbury in a report on Friday, October 20th. Finally, Citigroup reiterated a buy rating and set a GBX 305 ($4.10) price target on shares of J Sainsbury in a report on Wednesday, September 20th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. J Sainsbury presently has an average rating of Hold and an average price target of GBX 266.14 ($3.58).

Shares of J Sainsbury (LON SBRY) traded up GBX 0.40 ($0.01) during trading hours on Wednesday, reaching GBX 237 ($3.19). The company’s stock had a trading volume of 6,494,272 shares, compared to its average volume of 10,080,000. J Sainsbury has a 12 month low of GBX 222.40 ($2.99) and a 12 month high of GBX 283.60 ($3.82).

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

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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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