Sainsbury’s (SBRY) Given New GBX 330 Price Target at Sanford C. Bernstein
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).
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).
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.
Receive News & Ratings for Sainsbury's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sainsbury's and related companies with MarketBeat.com's FREE daily email newsletter.