J Sainsbury plc’s (SBRY) “Buy” Rating Reiterated at Shore Capital

Shore Capital reissued their buy rating on shares of J Sainsbury plc (LON:SBRY) in a research report released on Thursday morning.

A number of other equities research analysts have also weighed in on the stock. Deutsche Bank AG restated a hold rating on shares of J Sainsbury plc in a research report on Wednesday, October 18th. Jefferies Group LLC decreased their target price on shares of J Sainsbury plc from GBX 260 ($3.42) to GBX 250 ($3.29) and set a hold rating for the company in a research report on Monday, October 23rd. HSBC Holdings plc restated a reduce rating and set a GBX 200 ($2.63) target price on shares of J Sainsbury plc in a research report on Wednesday, July 19th. Credit Suisse Group restated an outperform rating and set a GBX 295 ($3.88) target price on shares of J Sainsbury plc in a research report on Friday, October 20th. Finally, Citigroup Inc. restated a buy rating and set a GBX 305 ($4.01) target price on shares of J Sainsbury plc in a research report on Wednesday, September 20th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of GBX 267.43 ($3.52).

Shares of J Sainsbury plc (LON SBRY) traded up GBX 3 ($0.04) on Thursday, hitting GBX 232.20 ($3.05). 10,541,454 shares of the stock were exchanged, compared to its average volume of 8,440,000. J Sainsbury plc has a 12-month low of GBX 224.10 ($2.95) and a 12-month high of GBX 283.60 ($3.73).

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The firm also recently disclosed a dividend, which will be paid on Tuesday, January 2nd. Investors of record on Thursday, November 16th will be paid a dividend of GBX 3.10 ($0.04) per share. The ex-dividend date is Thursday, November 16th. This represents a yield of 1.34%.

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).

Analyst Recommendations for J Sainsbury plc (LON:SBRY)

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