J Sainsbury plc (SBRY) Receives GBX 328.83 Average Price Target from Analysts

Shares of J Sainsbury plc (LON:SBRY) have been given an average rating of “Hold” by the twelve analysts that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is GBX 328.83 ($4.30).

SBRY has been the topic of a number of research reports. HSBC reissued a “reduce” rating and issued a GBX 230 ($3.01) price objective (down previously from GBX 300 ($3.92)) on shares of J Sainsbury in a research report on Friday, January 4th. Sanford C. Bernstein cut their price objective on shares of J Sainsbury from GBX 330 ($4.31) to GBX 310 ($4.05) and set a “market perform” rating on the stock in a research report on Friday, December 21st. UBS Group reissued a “buy” rating and issued a GBX 400 ($5.23) price objective on shares of J Sainsbury in a research report on Thursday, December 13th. Barclays cut their price objective on shares of J Sainsbury from GBX 375 ($4.90) to GBX 340 ($4.44) and set an “overweight” rating on the stock in a research report on Wednesday, January 16th. Finally, Shore Capital reissued a “hold” rating on shares of J Sainsbury in a research report on Wednesday, January 9th.

Shares of J Sainsbury stock traded up GBX 1.90 ($0.02) on Wednesday, hitting GBX 293.80 ($3.84). The company had a trading volume of 3,214,044 shares, compared to its average volume of 9,310,000. J Sainsbury has a twelve month low of GBX 222.40 ($2.91) and a twelve month high of GBX 339.89 ($4.44).

About J Sainsbury

J Sainsbury plc, together with its subsidiaries, engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom. It operates through four segments: Retail – Food; Retail – General Merchandise and Clothing; Financial Services; and Property Investment.

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Analyst Recommendations for J Sainsbury (LON:SBRY)

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