Kepler Capital Markets Reaffirms Hold Rating for J Sainsbury (SBRY)

Kepler Capital Markets reaffirmed their hold rating on shares of J Sainsbury (LON:SBRY) in a research note issued to investors on Thursday. They currently have a GBX 252 ($3.42) price objective on the grocer’s stock.

Other equities analysts also recently issued reports about the stock. JPMorgan Chase & Co. restated an underweight rating and set a GBX 200 ($2.71) target price on shares of J Sainsbury in a report on Friday, November 10th. Credit Suisse Group lowered their target price on shares of J Sainsbury from GBX 320 ($4.34) to GBX 295 ($4.00) and set an outperform rating on the stock in a report on Monday, October 2nd. Deutsche Bank restated a hold rating and set a GBX 300 ($4.07) target price on shares of J Sainsbury in a report on Thursday, September 28th. Jefferies Group lowered their target price 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 report on Monday, October 23rd. Finally, Berenberg Bank started coverage on shares of J Sainsbury in a research report on Tuesday, October 3rd. They set a buy rating and a GBX 300 ($4.07) price objective for the company. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. The company has an average rating of Hold and a consensus price target of GBX 261 ($3.54).

Shares of J Sainsbury (SBRY) traded up GBX 4.10 ($0.06) on Thursday, reaching GBX 252.70 ($3.43). 10,290,000 shares of the company were exchanged, compared to its average volume of 8,300,000. The firm has a market capitalization of $5,530.00 and a P/E ratio of 2,527.00. 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 firm also recently announced a dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Thursday, November 16th were paid a dividend of GBX 3.10 ($0.04) per share. This represents a yield of 1.34%. The ex-dividend date was Thursday, November 16th.

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About J Sainsbury

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)

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