Berenberg Bank reissued their buy rating on shares of J Sainsbury plc (LON:SBRY) in a research note released on Thursday morning. The brokerage currently has a GBX 300 ($3.95) target price on the grocer’s stock.

SBRY has been the topic of a number of other research reports. Credit Suisse Group restated an outperform rating and set a GBX 320 ($4.21) target price on shares of J Sainsbury plc in a research report on Tuesday, August 29th. Shore Capital restated a buy rating on shares of J Sainsbury plc in a research report on Tuesday, August 22nd. BNP Paribas restated a neutral rating and set a GBX 250 ($3.29) target price on shares of J Sainsbury plc in a research report on Wednesday, September 13th. Deutsche Bank AG restated a hold rating and set a GBX 300 ($3.95) target price on shares of J Sainsbury plc in a research report on Tuesday, August 1st. Finally, restated a reduce rating on shares of J Sainsbury plc in a research report on Wednesday, September 6th. Three analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of GBX 265.69 ($3.49).

J Sainsbury plc (LON SBRY) traded down GBX 1.50 ($0.02) during trading on Thursday, reaching GBX 227.30 ($2.99). 2,409,043 shares of the company’s stock traded hands, compared to its average volume of 9,520,000. J Sainsbury plc has a 52-week low of GBX 222.40 ($2.93) and a 52-week high of GBX 283.60 ($3.73).

TRADEMARK VIOLATION WARNING: “J Sainsbury plc (SBRY) Given “Buy” Rating at Berenberg Bank” was originally reported by Watch List News and is the property of of Watch List News. If you are reading this story on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this story can be viewed at https://www.watchlistnews.com/j-sainsbury-plc-sbry-given-buy-rating-at-berenberg-bank/1724074.html.

The business also recently announced a dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Thursday, November 16th will be given a GBX 3.10 ($0.04) dividend. The ex-dividend date is Thursday, November 16th. This represents a yield of 1.34%.

J Sainsbury plc Company Profile

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)

Receive News & Ratings for J Sainsbury plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J Sainsbury plc and related companies with Analyst Ratings Network's FREE daily email newsletter.