J Sainsbury plc (SBRY) Receives GBX 263.20 Average Price Target from Analysts
J Sainsbury plc (LON:SBRY) has been given a consensus rating of “Hold” by the fourteen research firms that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is GBX 263.20 ($3.70).
Several equities research analysts recently commented on SBRY shares. Berenberg Bank reiterated a “buy” rating and set a GBX 300 ($4.21) target price on shares of J Sainsbury in a research report on Thursday, November 23rd. Deutsche Bank reiterated a “hold” rating and set a GBX 300 ($4.21) target price on shares of J Sainsbury in a research report on Wednesday, October 25th. JPMorgan Chase & Co. restated an “underweight” rating and set a GBX 200 ($2.81) price target on shares of J Sainsbury in a report on Friday, December 15th. restated a “reduce” rating and set a GBX 200 ($2.81) price target on shares of J Sainsbury in a report on Tuesday, November 7th. Finally, Goldman Sachs Group restated a “sell” rating and set a GBX 220 ($3.09) price target (up previously from GBX 205 ($2.88)) on shares of J Sainsbury in a report on Tuesday, December 5th.
J Sainsbury (LON:SBRY) traded up GBX 1.70 ($0.02) during trading hours on Friday, reaching GBX 254.20 ($3.57). 6,265,326 shares of the company traded hands, compared to its average volume of 7,520,000. J Sainsbury has a twelve month low of GBX 222.40 ($3.12) and a twelve month high of GBX 339.89 ($4.77). The firm has a market cap of $5,580.00 and a P/E ratio of 2,542.00.
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About J Sainsbury
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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