J Sainsbury plc (LON:SBRY) shares were up 0% during mid-day trading on Wednesday . The company traded as high as GBX 260.50 ($3.60) and last traded at GBX 259 ($3.58). Approximately 8,559,798 shares changed hands during mid-day trading, an increase of 15% from the average daily volume of 7,420,000 shares. The stock had previously closed at GBX 259 ($3.58).
A number of research analysts recently issued reports on SBRY shares. Shore Capital reaffirmed a “buy” rating on shares of J Sainsbury in a report on Thursday, November 9th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 300 ($4.14) price target on shares of J Sainsbury in a report on Thursday, November 23rd. Barclays reaffirmed an “equal weight” rating and issued a GBX 240 ($3.32) price target on shares of J Sainsbury in a report on Friday, January 12th. Deutsche Bank reaffirmed a “hold” rating on shares of J Sainsbury in a report on Tuesday, December 19th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a GBX 250 ($3.45) price target on shares of J Sainsbury in a report on Friday, November 10th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. J Sainsbury presently has a consensus rating of “Hold” and an average price target of GBX 259.75 ($3.59).
The firm has a market capitalization of $5,690.00 and a PE ratio of 2,590.00.
J Sainsbury 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).
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