Deutsche Bank AG reiterated their buy rating on shares of J Sainsbury plc (LON:SBRY) in a research note released on Thursday. The brokerage currently has a GBX 280 ($3.65) price objective on the grocer’s stock.
SBRY has been the subject of several other research reports. Barclays PLC reissued an equal weight rating and set a GBX 270 ($3.52) price target on shares of J Sainsbury plc in a report on Wednesday, September 21st. HSBC reissued a reduce rating and set a GBX 200 ($2.61) price target on shares of J Sainsbury plc in a report on Wednesday, June 1st. Beaufort Securities reissued a hold rating on shares of J Sainsbury plc in a report on Thursday, June 9th. Goldman Sachs Group Inc. reaffirmed a sell rating and issued a GBX 178 ($2.32) price objective 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 stock has a consensus rating of Hold and an average target price of GBX 253.69 ($3.31).
Shares of J Sainsbury plc (LON:SBRY) opened at 242.20 on Thursday. J Sainsbury plc has a 52-week low of GBX 211.50 and a 52-week high of GBX 294.40. The stock’s market capitalization is GBX 4.64 billion. The company has a 50-day moving average price of GBX 242.16 and a 200-day moving average price of GBX 252.03.
In other J Sainsbury plc news, insider Harris,Mary acquired 13,119 shares of the stock in a transaction dated Thursday, July 28th. The stock was purchased at an average price of GBX 227 ($2.96) per share, with a total value of £29,780.13 ($38,872.38). Also, insider Tyler,David A acquired 25,000 shares of the stock in a transaction dated Friday, July 29th. The stock was acquired at an average cost of GBX 223 ($2.91) per share, with a total value of £55,750 ($72,771.18).
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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