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).
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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).
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