J Sainsbury plc (LON:SBRY) Receives Hold Rating from Deutsche Bank AG
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).
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