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

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).

Analyst Recommendations for J Sainsbury plc (LON:SBRY)

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.

TRADEMARK VIOLATION WARNING: This piece of content was reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this piece of content on another publication, it was stolen and republished in violation of U.S. and international trademark and copyright laws. The correct version of this piece of content can be viewed at https://www.chaffeybreeze.com/2017/04/21/j-sainsbury-plcs-sbry-underweight-rating-reaffirmed-at-jpmorgan-chase-co-updated.html.

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).

Receive News & Ratings for J Sainsbury plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J Sainsbury plc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply