Deutsche Bank AG reaffirmed their hold rating on shares of J Sainsbury plc (LON:SBRY) in a research note published on Wednesday morning. Deutsche Bank AG currently has a GBX 300 ($3.91) target price on the grocer’s stock.

Other equities analysts have also recently issued research reports about the company. UBS AG upped their target price on J Sainsbury plc from GBX 330 ($4.30) to GBX 360 ($4.69) and gave the stock a buy rating in a report on Friday, April 7th. Shore Capital reaffirmed a buy rating on shares of J Sainsbury plc in a report on Wednesday, May 3rd. Citigroup Inc. reaffirmed a buy rating and issued a GBX 305 ($3.97) target price on shares of J Sainsbury plc in a report on Tuesday, June 20th. Barclays PLC reaffirmed an equal weight rating and issued a GBX 260 ($3.39) target price on shares of J Sainsbury plc in a report on Thursday, May 4th. Finally, Jefferies Group LLC reaffirmed a hold rating and issued a GBX 260 ($3.39) target price on shares of J Sainsbury plc in a report on Tuesday, April 25th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. The company has an average rating of Hold and an average target price of GBX 268.50 ($3.50).

Shares of J Sainsbury plc (LON SBRY) opened at 246.70 on Wednesday. J Sainsbury plc has a 12 month low of GBX 220.14 and a 12 month high of GBX 283.60. The company has a 50-day moving average price of GBX 251.88 and a 200-day moving average price of GBX 262.83. The firm’s market capitalization is GBX 5.39 billion.

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The firm also recently announced a dividend, which was paid on Friday, July 7th. Investors of record on Thursday, May 11th were paid a dividend of GBX 6.60 ($0.09) per share. The ex-dividend date was Thursday, May 11th. This represents a yield of 2.36%. This is a boost from J Sainsbury plc’s previous dividend of $3.60.

In other news, insider John Rogers purchased 21,839 shares of the business’s stock in a transaction on Tuesday, May 16th. The shares were acquired at an average price of GBX 266 ($3.47) per share, for a total transaction of £58,091.74 ($75,679.70). Also, insider Michael Andrew Coupe sold 86,095 shares of the stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of GBX 259 ($3.37), for a total value of £222,986.05 ($290,497.72). Insiders have purchased 25,072 shares of company stock valued at $6,665,245 in the last ninety days.

About J Sainsbury plc

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 plc (LON:SBRY)

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