J Sainsbury plc (LON:SBRY) had its target price lifted by research analysts at Credit Suisse Group AG from GBX 290 ($3.79) to GBX 315 ($4.11) in a research report issued to clients and investors on Monday. The firm presently has an “outperform” rating on the grocer’s stock. Credit Suisse Group AG’s target price points to a potential upside of 25.60% from the company’s previous close.
SBRY has been the topic of several other research reports. Deutsche Bank AG restated a “buy” rating on shares of J Sainsbury plc in a report on Wednesday, July 27th. HSBC restated a “reduce” rating and issued a GBX 200 ($2.61) target price on shares of J Sainsbury plc in a report on Friday, June 10th. BNP Paribas restated an “outperform” rating and issued a GBX 260 ($3.39) target price on shares of J Sainsbury plc in a report on Friday, August 5th. Beaufort Securities restated a “hold” rating on shares of J Sainsbury plc in a report on Thursday, June 9th. Finally, Barclays PLC restated an “equal weight” rating and issued a GBX 250 ($3.26) target price on shares of J Sainsbury plc in a report on Wednesday, June 1st. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company’s stock. J Sainsbury plc has an average rating of “Hold” and a consensus target price of GBX 253.06 ($3.30).
Shares of J Sainsbury plc (LON:SBRY) opened at 245.00 on Monday. 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 cap is GBX 4.69 billion. The firm’s 50-day moving average is GBX 241.77 and its 200-day moving average is GBX 252.33.
In other J Sainsbury plc news, insider Harris,Mary acquired 13,119 shares of J Sainsbury plc stock in a transaction that occurred on Thursday, July 28th. The stock was bought at an average cost of GBX 227 ($2.96) per share, for a total transaction of £29,780.13 ($38,872.38). Also, insider Tyler,David A acquired 25,000 shares of J Sainsbury plc stock in a transaction that occurred on Friday, July 29th. The stock was acquired at an average price of GBX 223 ($2.91) per share, with a total value of £55,750 ($72,771.18).
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).
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