J Sainsbury (SBRY) Receives “Hold” Rating from Kepler Capital Markets
J Sainsbury (LON:SBRY)‘s stock had its “hold” rating restated by stock analysts at Kepler Capital Markets in a research report issued on Thursday. They presently have a GBX 252 ($3.42) target price on the grocer’s stock. Kepler Capital Markets’ price objective indicates a potential upside of 0.96% from the company’s previous close.
Several other research analysts have also recently commented on SBRY. BNP Paribas restated a “neutral” rating and set a GBX 250 ($3.39) target price on shares of J Sainsbury in a report on Wednesday, September 13th. Citigroup restated a “buy” rating and set a GBX 305 ($4.14) target price on shares of J Sainsbury in a report on Wednesday, September 20th. Deutsche Bank restated a “hold” rating and set a GBX 300 ($4.07) target price on shares of J Sainsbury in a report on Wednesday, September 20th. Credit Suisse Group reduced their target price on shares of J Sainsbury from GBX 320 ($4.34) to GBX 295 ($4.00) and set an “outperform” rating for the company in a report on Monday, October 2nd. Finally, Berenberg Bank started coverage on shares of J Sainsbury in a report on Tuesday, October 3rd. They set a “buy” rating and a GBX 300 ($4.07) target price for the company. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. J Sainsbury presently has an average rating of “Hold” and an average target price of GBX 263.29 ($3.57).
J Sainsbury (SBRY) opened at GBX 249.60 ($3.38) on Thursday. J Sainsbury has a 1-year low of GBX 222.40 ($3.02) and a 1-year high of GBX 339.89 ($4.61). The company has a market cap of $5,560.00 and a price-to-earnings ratio of 2,496.00.
J Sainsbury 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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