J Sainsbury plc (SBRY) Given “Buy” Rating at Berenberg Bank
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).
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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).
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