J Sainsbury plc (LON:SBRY)‘s stock had its “outperform” rating reissued by equities research analysts at BNP Paribas in a research note issued to investors on Monday. They presently have a GBX 265 ($3.28) price target on the grocer’s stock. BNP Paribas’ price objective points to a potential upside of 13.00% from the stock’s current price.
SBRY has been the topic of a number of other reports. Barclays PLC reissued an “equal weight” rating and issued a GBX 270 ($3.34) price objective on shares of J Sainsbury plc in a research report on Wednesday, September 21st. HSBC reissued a “reduce” rating and issued a GBX 185 ($2.29) price objective on shares of J Sainsbury plc in a research report on Thursday, September 29th. Goldman Sachs Group Inc. reissued a “sell” rating and issued a GBX 178 ($2.20) price objective on shares of J Sainsbury plc in a research report on Monday, June 27th. Deutsche Bank AG reissued a “buy” rating on shares of J Sainsbury plc in a research report on Wednesday, July 27th. Finally, Credit Suisse Group AG increased their price objective on shares of J Sainsbury plc from GBX 290 ($3.59) to GBX 315 ($3.90) and gave the stock an “outperform” rating in a research report on Monday, September 26th. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 253.69 ($3.14).
J Sainsbury plc (LON:SBRY) opened at 230.255 on Monday. The company has a 50-day moving average price of GBX 242.34 and a 200 day moving average price of GBX 249.34. The company’s market capitalization is GBX 4.41 billion. J Sainsbury plc has a 52-week low of GBX 211.50 and a 52-week high of GBX 294.40.
In other J Sainsbury plc news, insider Tyler,David A bought 25,000 shares of the firm’s stock in a transaction that occurred on Friday, July 29th. The stock was bought at an average cost of GBX 223 ($2.76) per share, for a total transaction of £55,750 ($68,997.52). Also, insider Harris,Mary bought 13,119 shares of the firm’s stock in a transaction that occurred on Thursday, July 28th. The shares were acquired at an average price of GBX 227 ($2.81) per share, with a total value of £29,780.13 ($36,856.60).
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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