JPMorgan Chase & Co. reiterated their underweight rating on shares of J Sainsbury (LON:SBRY) in a research report released on Thursday. JPMorgan Chase & Co. currently has a GBX 200 ($2.67) target price on the grocer’s stock.
Several other equities analysts also recently weighed in on SBRY. Berenberg Bank reissued a buy rating and set a GBX 300 ($4.01) price target on shares of J Sainsbury in a research report on Thursday, November 23rd. Citigroup reissued a buy rating and set a GBX 305 ($4.08) price target on shares of J Sainsbury in a research report on Wednesday, September 20th. Deutsche Bank reissued a hold rating and set a GBX 300 ($4.01) price target on shares of J Sainsbury in a research report on Wednesday, October 25th. reissued a reduce rating on shares of J Sainsbury in a research report on Wednesday, September 6th. Finally, Goldman Sachs Group reissued a sell rating and set a GBX 220 ($2.94) price target (up previously from GBX 205 ($2.74)) on shares of J Sainsbury in a research report on Tuesday, December 5th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of Hold and an average target price of GBX 263.29 ($3.52).
J Sainsbury (LON:SBRY) traded down GBX 1.10 ($0.01) during midday trading on Thursday, reaching GBX 241 ($3.22). The company had a trading volume of 8,716,136 shares, compared to its average volume of 7,190,000. J Sainsbury has a 12-month low of GBX 222.40 ($2.97) and a 12-month high of GBX 283.60 ($3.79). The stock has a market cap of $5,310.00 and a P/E ratio of 2,410.00.
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About J Sainsbury
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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