J Sainsbury plc (LON:SBRY)‘s stock had its “reduce” rating restated by analysts at HSBC in a note issued to investors on Thursday. They presently have a GBX 185 ($2.41) target price on the grocer’s stock. HSBC’s target price indicates a potential downside of 23.24% from the company’s current price.
SBRY has been the subject of several other reports. Barclays PLC restated an “equal weight” rating and set a GBX 270 ($3.52) target price on shares of J Sainsbury plc in a research note on Wednesday, September 21st. Beaufort Securities restated a “hold” rating on shares of J Sainsbury plc in a research note on Thursday, June 9th. Goldman Sachs Group Inc. restated a “sell” rating and set a GBX 178 ($2.32) target price on shares of J Sainsbury plc in a research note on Monday, June 27th. Citigroup Inc. restated a “neutral” rating on shares of J Sainsbury plc in a research note on Wednesday, June 1st. Finally, Jefferies Group restated a “hold” rating and set a GBX 280 ($3.65) target price on shares of J Sainsbury plc in a research note on Wednesday, June 1st. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. J Sainsbury plc has a consensus rating of “Hold” and an average price target of GBX 253.69 ($3.31).
J Sainsbury plc (LON:SBRY) opened at 241.00 on Thursday. 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 4.62 billion. The company’s 50-day moving average price is GBX 241.96 and its 200 day moving average price is GBX 252.02.
In other news, insider Harris,Mary bought 13,119 shares of the company’s stock in a transaction on Thursday, July 28th. The shares were purchased at an average price of GBX 227 ($2.96) per share, with a total value of £29,780.13 ($38,872.38). Also, insider Cassin ,Brian bought 25,000 shares of the company’s stock in a transaction on Wednesday, August 3rd. The shares were purchased at an average cost of GBX 222 ($2.90) per share, for a total transaction of £55,500 ($72,444.85).
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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