Sainsbury (LON:SBRY) Rating Reaffirmed
London: In an analyst research report published on Wednesday morning, HSBC kept steady their “Reduce” rating on Sainsbury (LON:SBRY) shares. They now have a GBX 200.00 PT on the company. HSBC’s target suggests a potential downside of -19.22% from the company’s current 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 262.21 with a 1.29% above today’s (GBX 247.8) stock price. Sainsbury J PLC was the topic of 54 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on December 8 with “Hold” rating. Nomura maintained shares with “Neutral” rating and GBX 250 target share price in a report from a November 17. Charles Stanley maintained SBRY stock in a recent report from November 25 with “Accumulate” rating. Macquarie Research upgraded the rating on November 16. Macquarie Research has a “Neutral” rating and a GBX 240 price target on shares. Finally, Citigroup maintained the stock with “Neutral” rating in a report issued on a November 17.
Approximately 4.74 million shares of stock traded hands. J Sainsbury plc (LON:SBRY) has declined 5.78% since May 19, 2015 and is downtrending. It has underperformed by 3.16% 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 4.53 billion GBP. The Firm also has two property joint ventures with Land Securities Group Plc and The British Land Company Plc. It has 11.32 P/E ratio. Sainsbury’s Bank provides a range of banking and insurance products.