2.52% to Target, Exane BNP Paribas Reconfirms ‘”Neutral”’ Rating on Sainsbury J PLC (LON:SBRY) Shares Today

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Sainsbury J PLC (LON:SBRY) Rating Reaffirmed

London: In an analyst note issued to investors and clients on Monday, 7 December, Exane BNP Paribas has decided to restate their “Neutral” rating on Sainsbury J PLC (LON:SBRY) shares. They now have a GBX 250.00 target price per share on the company. Exane BNP Paribas’s target would suggest a potential upside of 2.52% from the company’s last stock price.

From a total of 19 analysts covering Sainsbury J PLC (LON:SBRY) stock, 6 rate it a ”Buy”, 7 a “Sell”, and 9 a ”Hold”. This means that 27% of the ratings are positive. The highest target price is GBX 330 while the lowest target price is GBX 185. The mean of all analyst targets is GBX 259.21 with a 3.93% above today’s (GBX 243.5) stock price. Sainsbury J PLC was the topic of 52 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Charles Stanley maintained shares on November 25 with “Accumulate” rating. Macquarie Research upgraded shares to “Neutral” rating and GBX 240 target share price in a report from a November 16. Deutsche Bank maintained SBRY stock in a recent report from November 18 with “Hold” rating. Cantor Fitzgerald maintained the rating on November 16. Cantor Fitzgerald has a “Buy” rating and a GBX 312 price target on shares. Finally, Nomura maintained the stock with “Neutral” rating in a report issued on a November 17.

Approximately 609,390 shares of stock traded hands. J Sainsbury plc (LON:SBRY) has declined 11.87% since May 8, 2015 and is downtrending. It has underperformed by 10.79% the S&P500.

2.52% to Target, Exane BNP Paribas Reconfirms ‘

J Sainsbury plc is a United Kingdom company, engaged in supermarkets and convenience stores, and an online grocery and general merchandise operation. The company has a market cap of 4.68 billion GBP. The Firm also has two property joint ventures with Land Securities Group Plc and The British Land Company Plc. It has 11.12 P/E ratio. Sainsbury’s Bank provides a range of banking and insurance products.

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