Deutsche Bank AG reiterated their hold rating on shares of J Sainsbury plc (LON:SBRY) in a report released on Wednesday morning. They currently have a GBX 300 ($4.04) price objective on the grocer’s stock.
Several other analysts have also issued reports on the stock. Citigroup Inc. restated a buy rating and issued a GBX 305 ($4.11) price objective on shares of J Sainsbury plc in a report on Tuesday, June 20th. Barclays PLC restated an equal weight rating and issued a GBX 260 ($3.51) price objective on shares of J Sainsbury plc in a report on Thursday, June 15th. Credit Suisse Group reaffirmed an outperform rating and issued a GBX 320 ($4.31) target price on shares of J Sainsbury plc in a research report on Tuesday, August 29th. Shore Capital reaffirmed a buy rating on shares of J Sainsbury plc in a research report on Monday, July 3rd. Finally, HSBC Holdings plc reaffirmed a reduce rating and issued a GBX 200 ($2.70) target price on shares of J Sainsbury plc in a research report on Wednesday, July 19th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. J Sainsbury plc presently has an average rating of Hold and an average target price of GBX 266.36 ($3.59).
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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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