J Sainsbury (LON:SBRY) Earns Sell Rating from Shore Capital
Shore Capital reissued their sell rating on shares of J Sainsbury (LON:SBRY) in a report published on Monday, Digital Look reports.
A number of other brokerages also recently weighed in on SBRY. HSBC cut their price target on shares of J Sainsbury from GBX 210 ($2.74) to GBX 180 ($2.35) and set a reduce rating for the company in a report on Friday, April 26th. UBS Group reaffirmed a neutral rating on shares of J Sainsbury in a research note on Tuesday, July 2nd. Sanford C. Bernstein reduced their price objective on shares of J Sainsbury from GBX 310 ($4.05) to GBX 250 ($3.27) and set a market perform rating for the company in a research note on Thursday, May 2nd. Morgan Stanley initiated coverage on shares of J Sainsbury in a research note on Monday, June 17th. They set an equal weight rating and a GBX 215 ($2.81) price objective for the company. Finally, Goldman Sachs Group raised shares of J Sainsbury to a neutral rating and reduced their price objective for the company from GBX 225 ($2.94) to GBX 215 ($2.81) in a research note on Friday, June 28th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of GBX 227.60 ($2.97).
Shares of LON SBRY opened at GBX 195.80 ($2.56) on Monday. J Sainsbury has a twelve month low of GBX 177.05 ($2.31) and a twelve month high of GBX 341.80 ($4.47). The company has a current ratio of 0.67, a quick ratio of 0.46 and a debt-to-equity ratio of 24.73. The company has a market capitalization of $4.33 billion and a price-to-earnings ratio of 22.00. The firm has a 50-day moving average of GBX 196.53 and a two-hundred day moving average of GBX 218.35.
J Sainsbury plc, together with its subsidiaries, engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom. It operates through four segments: Retail Food; Retail General Merchandise and Clothing; Financial Services; and Property Investment.
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