Sainsbury’s (LON:SBRY) had its price objective lifted by Sanford C. Bernstein from GBX 250 ($3.39) to GBX 330 ($4.48) in a research note published on Monday morning. Sanford C. Bernstein currently has a market perform rating on the grocer’s stock.

Several other equities analysts also recently weighed in on SBRY. Berenberg Bank raised their price target on Sainsbury’s from GBX 300 ($4.07) to GBX 369 ($5.01) and gave the company a buy rating in a report on Tuesday, May 8th. HSBC raised their price target on Sainsbury’s from GBX 210 ($2.85) to GBX 270 ($3.66) and gave the company a hold rating in a report on Monday, April 30th. JPMorgan Chase raised their price target on Sainsbury’s from GBX 200 ($2.71) to GBX 260 ($3.53) and gave the company an underweight rating in a report on Tuesday, May 1st. Citigroup raised their price target on Sainsbury’s from GBX 305 ($4.14) to GBX 380 ($5.15) and gave the company a buy rating in a report on Tuesday, May 1st. Finally, Deutsche Bank restated a hold rating and set a GBX 265 ($3.59) price target on shares of Sainsbury’s in a report on Wednesday, February 7th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. Sainsbury’s has an average rating of Hold and an average price target of GBX 275.46 ($3.74).

Shares of Sainsbury’s stock opened at GBX 307 ($4.16) on Monday. Sainsbury’s has a 12 month low of GBX 222.40 ($3.02) and a 12 month high of GBX 339.89 ($4.61).

Sainsbury’s (LON:SBRY) last announced its quarterly earnings data on Monday, April 30th. The grocer reported GBX 20.40 ($0.28) EPS for the quarter, beating the consensus estimate of GBX 19.20 ($0.26) by GBX 1.20 ($0.02). Sainsbury’s had a return on equity of 4.21% and a net margin of 1.13%.

The firm also recently disclosed a dividend, which will be paid on Friday, July 13th. Investors of record on Thursday, June 7th will be issued a GBX 7.10 ($0.10) dividend. This represents a yield of 2.3%. This is an increase from Sainsbury’s’s previous dividend of $3.10. The ex-dividend date is Thursday, June 7th.

In related news, insider Michael Andrew Coupe sold 154,948 shares of Sainsbury’s stock in a transaction dated Friday, May 4th. The stock was sold at an average price of GBX 301 ($4.08), for a total value of £466,393.48 ($632,655.29).

About Sainsbury’s

J Sainsbury plc, together with its subsidiaries, engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom. It operates through four segments: Retail ? Food; Retail ? General Merchandise & Clothing; Financial Services; and Property Investment.

Analyst Recommendations for Sainsbury`s (LON:SBRY)

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