J Sainsbury (SBRY) Stock Rating Reaffirmed by HSBC

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J Sainsbury (LON:SBRY)‘s stock had its “reduce” rating restated by research analysts at HSBC in a report issued on Thursday.

A number of other equities analysts have also commented on SBRY. Berenberg Bank restated a “buy” rating and issued a GBX 369 ($4.82) price objective (up from GBX 300 ($3.92)) on shares of J Sainsbury in a research report on Monday, September 17th. UBS Group reaffirmed a “buy” rating on shares of J Sainsbury in a research note on Friday, September 28th. Kepler Capital Markets reaffirmed a “buy” rating on shares of J Sainsbury in a research note on Thursday, November 8th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a GBX 260 ($3.40) target price on shares of J Sainsbury in a research note on Friday, November 9th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating on shares of J Sainsbury in a research note on Tuesday, November 13th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 310.75 ($4.06).

SBRY stock opened at GBX 275.80 ($3.60) on Thursday. J Sainsbury has a 12 month low of GBX 222.40 ($2.91) and a 12 month high of GBX 339.89 ($4.44).

In other J Sainsbury news, insider Martin Scicluna purchased 15,000 shares of the firm’s stock in a transaction on Monday, November 12th. The shares were purchased at an average cost of GBX 321 ($4.19) per share, with a total value of £48,150 ($62,916.50). Insiders purchased 15,081 shares of company stock worth $4,838,255 over the last ninety days.

J Sainsbury Company Profile

J Sainsbury plc, together with its subsidiaries, engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom. It operates through four segments: Retail ? Food; Retail ? General Merchandise and Clothing; Financial Services; and Property Investment.

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Analyst Recommendations for J Sainsbury (LON:SBRY)

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