J Sainsbury’s (SBRY) “Buy” Rating Reiterated at Shore Capital

Shore Capital reaffirmed their buy rating on shares of J Sainsbury (LON:SBRY) in a research note released on Wednesday morning.

Several other research firms also recently weighed in on SBRY. Deutsche Bank reiterated a hold rating on shares of J Sainsbury in a research report on Wednesday, October 18th. Jefferies Group decreased their price target on shares of J Sainsbury from GBX 260 ($3.53) to GBX 250 ($3.39) and set a hold rating on the stock in a research report on Monday, October 23rd. Credit Suisse Group reissued an outperform rating and issued a GBX 295 ($4.00) price objective on shares of J Sainsbury in a research note on Friday, October 20th. Goldman Sachs Group reissued a sell rating on shares of J Sainsbury in a research note on Thursday, January 4th. Finally, JPMorgan Chase & Co. reissued an underweight rating and issued a GBX 200 ($2.71) price objective on shares of J Sainsbury in a research note on Thursday, January 4th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average target price of GBX 263.29 ($3.57).

J Sainsbury (LON:SBRY) traded down GBX 5.30 ($0.07) on Wednesday, reaching GBX 248.60 ($3.37). 15,069,506 shares of the company’s stock traded hands, compared to its average volume of 8,300,000. J Sainsbury has a fifty-two week low of GBX 222.40 ($3.02) and a fifty-two week high of GBX 339.89 ($4.61). The company has a market capitalization of $5,440.00 and a P/E ratio of 2,486.00.

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

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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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