J Sainsbury plc (SBRY) Rating Reiterated by HSBC Holdings plc

J Sainsbury plc (LON:SBRY)‘s stock had its “reduce” rating reissued by HSBC Holdings plc in a report released on Wednesday, Marketbeat.com reports. They presently have a GBX 200 ($2.54) target price on the grocer’s stock. HSBC Holdings plc’s price target would indicate a potential downside of 21.75% from the company’s current price.

A number of other equities research analysts have also weighed in on SBRY. Citigroup Inc. restated a “buy” rating and issued a GBX 305 ($3.88) price objective on shares of J Sainsbury plc in a report on Tuesday, June 20th. Deutsche Bank AG restated a “hold” rating and issued a GBX 300 ($3.82) price objective on shares of J Sainsbury plc in a report on Wednesday. J P Morgan Chase & Co restated an “underweight” rating and issued a GBX 200 ($2.54) price objective on shares of J Sainsbury plc in a report on Friday, March 17th. Beaufort Securities restated a “hold” rating on shares of J Sainsbury plc in a report on Friday, March 17th. Finally, Barclays PLC restated an “equal weight” rating and issued a GBX 260 ($3.31) price objective on shares of J Sainsbury plc in a report on Wednesday, March 8th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. J Sainsbury plc has a consensus rating of “Hold” and a consensus price target of GBX 261.85 ($3.33).

J Sainsbury plc (LON SBRY) opened at 254.10 on Wednesday. The firm has a 50-day moving average of GBX 267.47 and a 200 day moving average of GBX 263.17. The stock’s market capitalization is GBX 5.55 billion. J Sainsbury plc has a 12-month low of GBX 211.50 and a 12-month high of GBX 283.60.

The firm also recently disclosed a dividend, which will be paid on Friday, July 7th. Shareholders of record on Thursday, May 11th will be given a dividend of GBX 6.60 ($0.08) per share. This is an increase from J Sainsbury plc’s previous dividend of $3.60. This represents a yield of 2.36%. The ex-dividend date of this dividend is Thursday, May 11th.

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In other news, insider Jean Tomlin bought 3,100 shares of J Sainsbury plc stock in a transaction dated Thursday, May 11th. The stock was bought at an average price of GBX 265 ($3.37) per share, for a total transaction of £8,215 ($10,449.00). Also, insider Michael Andrew Coupe sold 86,095 shares of the firm’s stock in a transaction on Thursday, May 4th. The stock was sold at an average price of GBX 259 ($3.29), for a total transaction of £222,986.05 ($283,625.10). Insiders have acquired a total of 25,068 shares of company stock worth $6,665,074 over the last three months.

J Sainsbury plc Company Profile

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)

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