J Sainsbury plc (SBRY) Trading Down 0.3%

J Sainsbury plc (LON:SBRY) dropped 0.3% on Monday . The company traded as low as GBX 236.50 ($3.19) and last traded at GBX 237 ($3.20). Approximately 5,556,434 shares were traded during trading, a decline of 25% from the average daily volume of 7,447,110 shares. The stock had previously closed at GBX 237.70 ($3.20).

SBRY has been the topic of a number of research reports. Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 320 ($4.31) target price on shares of J Sainsbury plc in a research note on Tuesday, August 29th. HSBC Holdings plc dropped their price objective on shares of J Sainsbury plc from GBX 205 ($2.76) to GBX 200 ($2.70) and set a “reduce” rating on the stock in a research note on Tuesday, June 20th. Shore Capital reissued a “buy” rating on shares of J Sainsbury plc in a research note on Tuesday, August 22nd. Deutsche Bank AG reissued a “hold” rating and set a GBX 300 ($4.04) price objective on shares of J Sainsbury plc in a research note on Tuesday, August 1st. Finally, Barclays PLC dropped their price objective on shares of J Sainsbury plc from GBX 260 ($3.51) to GBX 240 ($3.24) and set an “equal weight” rating on the stock in a research note on Friday, September 1st. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 266.36 ($3.59).

The firm’s market cap is GBX 5.30 billion. The company has a 50 day moving average of GBX 240.22 and a 200-day moving average of GBX 256.78.

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About J Sainsbury plc

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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