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).

TRADEMARK VIOLATION WARNING: “Jefferies Group LLC Reaffirms “Hold” Rating for J Sainsbury plc (SBRY)” was reported by Watch List News and is owned by of Watch List News. If you are accessing this report on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.watchlistnews.com/jefferies-group-llc-reaffirms-hold-rating-for-j-sainsbury-plc-sbry/1700058.html.

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).

Analyst Recommendations for J Sainsbury plc (LON:SBRY)

Receive News & Ratings for J Sainsbury plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J Sainsbury plc and related companies with Analyst Ratings Network's FREE daily email newsletter.