BNP Paribas reiterated their outperform rating on shares of J Sainsbury plc (LON:SBRY) in a report released on Tuesday. The brokerage currently has a GBX 265 ($3.46) price objective on the grocer’s stock.
SBRY has been the subject of several other research reports. Deutsche Bank AG reaffirmed a buy rating on shares of J Sainsbury plc in a research note on Wednesday, July 27th. Goldman Sachs Group Inc. reaffirmed a sell rating and set a GBX 178 ($2.32) price target on shares of J Sainsbury plc in a research note on Monday, June 27th. Societe Generale reaffirmed a hold rating on shares of J Sainsbury plc in a research note on Tuesday, June 28th. Beaufort Securities reaffirmed a hold rating on shares of J Sainsbury plc in a research note on Thursday, June 9th. Finally, HSBC reaffirmed a reduce rating and set a GBX 175 ($2.28) price target on shares of J Sainsbury plc in a research note on Thursday, June 30th. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the stock. J Sainsbury plc presently has a consensus rating of Hold and an average price target of GBX 253.06 ($3.30).
J Sainsbury plc (LON:SBRY) opened at 250.30 on Tuesday. The company has a 50-day moving average price of GBX 240.58 and a 200 day moving average price of GBX 252.79. 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 capitalization is GBX 4.80 billion.
In related news, insider Tyler,David A bought 25,000 shares of the business’s stock in a transaction dated 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). Also, insider Harris,Mary bought 13,119 shares of the business’s stock in a transaction dated Thursday, July 28th. The shares were bought at an average cost of GBX 227 ($2.96) per share, with a total value of £29,780.13 ($38,872.38).
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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