J Sainsbury plc (LON:SBRY)‘s stock had its “underweight” rating reaffirmed by JPMorgan Chase & Co. in a report released on Thursday. They currently have a GBX 200 ($2.52) price target on the grocer’s stock. JPMorgan Chase & Co.’s target price suggests a potential downside of 24.70% from the company’s current price.
SBRY has been the subject of several other research reports. BNP Paribas reaffirmed an “outperform” rating and set a GBX 255 ($3.21) target price on shares of J Sainsbury plc in a report on Tuesday, January 3rd. Goldman Sachs Group Inc reaffirmed a “sell” rating and set a GBX 195 ($2.45) target price (up previously from GBX 145 ($1.83)) on shares of J Sainsbury plc in a report on Wednesday, December 14th. Citigroup Inc reaffirmed a “neutral” rating and set a GBX 260 ($3.27) target price on shares of J Sainsbury plc in a report on Friday, January 6th. AlphaValue reaffirmed an “add” rating and set a GBX 295 ($3.71) target price on shares of J Sainsbury plc in a report on Wednesday, January 11th. Finally, Shore Capital reaffirmed a “buy” rating on shares of J Sainsbury plc in a report on Thursday, January 5th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. J Sainsbury plc presently has a consensus rating of “Hold” and a consensus target price of GBX 256 ($3.22).
Shares of J Sainsbury plc (LON:SBRY) traded up 0.15% during midday trading on Thursday, reaching GBX 266.00. 9,122,431 shares of the company were exchanged. The stock has a 50-day moving average price of GBX 264.44 and a 200 day moving average price of GBX 253.40. J Sainsbury plc has a 52-week low of GBX 211.50 and a 52-week high of GBX 294.40. The company’s market capitalization is GBX 5.20 billion.
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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).
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