J Sainsbury (SBRY) Trading 0% Higher

J Sainsbury plc (LON:SBRY) shares traded up 0% on Thursday . The stock traded as high as GBX 247.20 ($3.47) and last traded at GBX 246.20 ($3.45). 12,160,000 shares changed hands during trading, an increase of 43% from the average session volume of 8,480,000 shares. The stock had previously closed at GBX 246.20 ($3.45).

A number of research analysts recently commented on the company. Deutsche Bank reiterated a “hold” rating on shares of J Sainsbury in a report on Wednesday. Shore Capital reiterated a “buy” rating on shares of J Sainsbury in a report on Wednesday, October 18th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a GBX 200 ($2.80) price objective on shares of J Sainsbury in a report on Thursday, January 4th. Goldman Sachs Group reiterated a “sell” rating on shares of J Sainsbury in a report on Thursday, January 4th. Finally, Jefferies Group decreased their price objective on J Sainsbury from GBX 260 ($3.65) to GBX 250 ($3.51) and set a “hold” rating on the stock in a report on Monday, October 23rd. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of GBX 259.33 ($3.64).

The stock has a market capitalization of $5,360.00 and a P/E ratio of 2,449.00.

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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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