J Sainsbury’s (SBRY) “Underweight” Rating Reaffirmed at JPMorgan Chase & Co.

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.

The firm also recently disclosed a dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Thursday, November 16th were issued a dividend of GBX 3.10 ($0.04) per share. This represents a dividend yield of 1.34%. The ex-dividend date of this dividend was Thursday, November 16th.

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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).

Analyst Recommendations for J Sainsbury (LON:SBRY)

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