J Sainsbury plc (SBRY) Rating Reiterated by HSBC Holdings plc
J Sainsbury plc (LON:SBRY)‘s stock had its “reduce” rating restated by analysts at HSBC Holdings plc in a research report issued on Monday. They currently have a GBX 200 ($2.63) price objective on the grocer’s stock. HSBC Holdings plc’s price target would suggest a potential downside of 13.87% from the stock’s current price.
Several other research firms have also recently commented on SBRY. Shore Capital reiterated a “buy” rating on shares of J Sainsbury plc in a report on Thursday. Jefferies Group LLC lowered their price target on shares of J Sainsbury plc from GBX 260 ($3.42) to GBX 250 ($3.29) and set a “hold” rating for the company in a report on Monday, October 23rd. Deutsche Bank AG reiterated a “hold” rating and set a GBX 300 ($3.95) price target on shares of J Sainsbury plc in a report on Thursday, September 28th. Credit Suisse Group restated an “outperform” rating and issued a GBX 295 ($3.88) target price on shares of J Sainsbury plc in a report on Friday, October 20th. Finally, J P Morgan Chase & Co restated an “underweight” rating and issued a GBX 200 ($2.63) target price on shares of J Sainsbury plc in a report on Friday. Three analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of GBX 267.43 ($3.52).
J Sainsbury plc (SBRY) opened at GBX 232.20 ($3.05) on Monday. J Sainsbury plc has a twelve month low of GBX 224.10 ($2.95) and a twelve month high of GBX 283.60 ($3.73).
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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