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).

Analyst Recommendations for J Sainsbury plc (LON:SBRY)

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