Jefferies Group LLC Reaffirms “Hold” Rating for J Sainsbury plc (SBRY)
Jefferies Group LLC reaffirmed their hold rating on shares of J Sainsbury plc (LON:SBRY) in a research note issued to investors on Friday morning. Jefferies Group LLC currently has a GBX 250 ($3.29) price target on the grocer’s stock.
Other equities research analysts have also issued reports about the stock. Shore Capital reiterated a buy rating on shares of J Sainsbury plc in a report on Thursday. Credit Suisse Group cut their target price on shares of J Sainsbury plc from GBX 320 ($4.21) to GBX 295 ($3.88) and set an outperform rating on the stock in a report on Monday, October 2nd. Deutsche Bank AG restated a hold rating and set a GBX 300 ($3.95) price objective on shares of J Sainsbury plc in a report on Thursday, September 28th. HSBC Holdings plc restated a reduce rating and set a GBX 200 ($2.63) price objective on shares of J Sainsbury plc in a report on Wednesday, July 26th. Finally, Berenberg Bank started coverage on shares of J Sainsbury plc in a report on Tuesday, October 3rd. They set a buy rating and a GBX 300 ($3.95) price objective on the stock. Three analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of GBX 267.43 ($3.52).
J Sainsbury plc (LON SBRY) traded down GBX 2.75 ($0.04) on Friday, reaching GBX 229.45 ($3.02). 4,422,745 shares of the company’s stock traded hands, compared to its average volume of 8,440,000. J Sainsbury plc has a 12 month low of GBX 224.10 ($2.95) and a 12 month high of GBX 283.60 ($3.73).
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The firm also recently disclosed a dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Thursday, November 16th will be paid a GBX 3.10 ($0.04) dividend. This represents a yield of 1.34%. The ex-dividend date is Thursday, November 16th.
About J Sainsbury plc
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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