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).

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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)

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