J Sainsbury plc (SBRY) Research Coverage Started at Berenberg Bank
Berenberg Bank began coverage on shares of J Sainsbury plc (LON:SBRY) in a research note published on Tuesday morning. The brokerage issued a buy rating and a GBX 300 ($3.98) target price on the grocer’s stock.
Other equities analysts also recently issued research reports about the company. J P Morgan Chase & Co restated an underweight rating and issued a GBX 200 ($2.65) target price on shares of J Sainsbury plc in a research report on Wednesday, July 5th. Shore Capital reiterated a buy rating on shares of J Sainsbury plc in a research report on Monday, July 3rd. Barclays PLC reiterated an equal weight rating and set a GBX 260 ($3.45) price objective on shares of J Sainsbury plc in a research report on Thursday, June 15th. Deutsche Bank AG reissued a hold rating and set a GBX 300 ($3.98) target price on shares of J Sainsbury plc in a research note on Thursday, September 28th. Finally, Credit Suisse Group AG cut their target price on J Sainsbury plc from GBX 320 ($4.24) to GBX 295 ($3.91) and set an outperform rating for the company in a research note on Monday, October 2nd. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. J Sainsbury plc presently has a consensus rating of Hold and a consensus target price of GBX 266.93 ($3.54).
J Sainsbury plc (LON SBRY) opened at 242.00 on Tuesday. The stock’s market capitalization is GBX 5.28 billion. J Sainsbury plc has a 52-week low of GBX 224.10 and a 52-week high of GBX 283.60. The stock’s 50 day moving average price is GBX 237.84 and its 200-day moving average price is GBX 254.48.
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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).
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