J Sainsbury (SBRY) Given New GBX 260 Price Target at Deutsche Bank
J Sainsbury (LON:SBRY) had its price objective trimmed by Deutsche Bank from GBX 300 ($4.01) to GBX 260 ($3.48) in a research note released on Tuesday morning. The firm currently has a hold rating on the grocer’s stock.
Several other equities analysts also recently commented on the stock. Shore Capital reaffirmed a buy rating on shares of J Sainsbury in a research note on Wednesday, October 18th. Berenberg Bank started coverage on shares of J Sainsbury in a research note on Tuesday, October 3rd. They set a buy rating and a GBX 300 ($4.01) price objective for the company. Citigroup reaffirmed a buy rating and set a GBX 305 ($4.08) price objective on shares of J Sainsbury in a research note on Wednesday, September 20th. Jefferies Group reaffirmed a hold rating and set a GBX 250 ($3.34) price objective on shares of J Sainsbury in a research note on Friday, November 10th. Finally, Kepler Capital Markets started coverage on shares of J Sainsbury in a research note on Wednesday, December 20th. They set a hold rating and a GBX 252 ($3.37) price objective for the company. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. J Sainsbury has an average rating of Hold and an average target price of GBX 263.29 ($3.52).
J Sainsbury (LON SBRY) traded up GBX 2.30 ($0.03) during midday trading on Tuesday, reaching GBX 243.50 ($3.26). 6,700,000 shares of the company’s stock traded hands, compared to its average volume of 7,330,000. J Sainsbury has a twelve month low of GBX 222.40 ($2.97) and a twelve month high of GBX 283.60 ($3.79). The stock has a market capitalization of $5,330.00 and a price-to-earnings ratio of 2,435.00.
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J Sainsbury 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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