J Sainsbury plc (LON:SBRY) had its target price cut by Jefferies Group from GBX 280 ($3.65) to GBX 250 ($3.26) in a report issued on Monday morning. They currently have a hold rating on the grocer’s stock.
SBRY has been the subject of several other research reports. Barclays PLC reaffirmed an equal weight rating and set a GBX 270 ($3.52) price target on shares of J Sainsbury plc in a research note on Wednesday, September 21st. HSBC reaffirmed a reduce rating and set a GBX 200 ($2.61) price target on shares of J Sainsbury plc in a research note on Wednesday, June 1st. Beaufort Securities reaffirmed a hold rating on shares of J Sainsbury plc in a research note on Thursday, June 9th. Goldman Sachs Group Inc. reaffirmed a sell rating and set a GBX 178 ($2.32) price target on shares of J Sainsbury plc in a research note on Monday, June 27th. Finally, Citigroup Inc. reaffirmed a neutral rating on shares of J Sainsbury plc in a research note on Wednesday, June 1st. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average price target of GBX 253.06 ($3.30).
Shares of J Sainsbury plc (LON:SBRY) opened at 241.00 on Monday. The company’s market capitalization is GBX 4.62 billion. The firm’s 50-day moving average is GBX 241.96 and its 200 day moving average is GBX 252.02. J Sainsbury plc has a 12 month low of GBX 211.50 and a 12 month high of GBX 294.40.
In other news, insider Tyler,David A acquired 25,000 shares of J Sainsbury plc stock in a transaction that occurred on Friday, July 29th. The stock was bought at an average price of GBX 223 ($2.91) per share, with a total value of £55,750 ($72,771.18). Also, insider Harris,Mary acquired 13,119 shares of J Sainsbury plc stock in a transaction that occurred on Thursday, July 28th. The shares were purchased at an average cost of GBX 227 ($2.96) per share, with a total value of £29,780.13 ($38,872.38).
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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