Sainsbury J PLC (LON:SBRY) Rating Reaffirmed
Barclays Capital now has a GBX 250.00 Estimated Target Price on shares of Sainsbury J PLC (LON:SBRY). The Estimated Target Price suggests a potential downside of -2.18% from the current price of Sainsbury J PLC (LON:SBRY). This rating was shown in a recent research report on 18 December.
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 262.21 with a -1.79% below today’s (GBX 255.58) stock price. Sainsbury J PLC was the topic of 55 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. HSBC maintained shares on December 16 with “Reduce” rating. Nomura maintained shares with “Neutral” rating and GBX 250 target share price in a report from a November 17. BNP Paribas maintained SBRY stock in a recent report from December 7 with “Neutral” rating. Citigroup maintained the rating on November 17. Citigroup has a “Neutral” rating and a GBX 265 price target on shares. Finally, Societe Generale maintained the stock with “Buy” rating in a report issued on a November 18.
The stock increased 2.97% or GBX 7.38 on December 17, striking GBX 255.58. Approximately 10.58 million shares of stock traded hands or 34.61% up from the average. J Sainsbury plc (LON:SBRY) has declined 1.88% since May 21, 2015 and is downtrending. It has outperformed by 0.38% the S&P500.
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 4.96 billion GBP. The Firm also has two property joint ventures with Land Securities Group Plc and The British Land Company Plc. It has 11.68 P/E ratio. Sainsbury’s Bank provides a range of banking and insurance products.