Shares of J Sainsbury plc (LON:SBRY – Get Rating) have earned a consensus recommendation of “Hold” from the seven analysts that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is GBX 240.20 ($2.84).
SBRY has been the subject of several recent analyst reports. JPMorgan Chase & Co. increased their price target on J Sainsbury from GBX 155 ($1.83) to GBX 161 ($1.90) and gave the stock an “underweight” rating in a report on Friday, November 4th. Jefferies Financial Group downgraded J Sainsbury to a “hold” rating and lowered their price target for the stock from GBX 300 ($3.55) to GBX 210 ($2.48) in a report on Tuesday, September 6th. Shore Capital restated a “house stock” rating on shares of J Sainsbury in a report on Monday, November 14th. Finally, Barclays restated an “overweight” rating and issued a GBX 280 ($3.31) price target on shares of J Sainsbury in a report on Friday, November 4th.
J Sainsbury Trading Up 1.8 %
LON SBRY opened at GBX 220.70 ($2.61) on Wednesday. The stock has a 50-day simple moving average of GBX 194.74 and a 200 day simple moving average of GBX 209.41. The company has a market capitalization of £5.18 billion and a PE ratio of 882.80. The company has a current ratio of 0.70, a quick ratio of 0.53 and a debt-to-equity ratio of 92.36. J Sainsbury has a 12 month low of GBX 168.70 ($1.99) and a 12 month high of GBX 303.60 ($3.59).
J Sainsbury Cuts Dividend
In other J Sainsbury news, insider Jo Bertram acquired 8,000 shares of the business’s stock in a transaction dated Wednesday, September 7th. The stock was bought at an average cost of GBX 209 ($2.47) per share, with a total value of £16,720 ($19,770.60).
J Sainsbury Company Profile
J Sainsbury plc, together with its subsidiaries, engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom and the Republic of Ireland. It operates through three segments: Retail – Food, Retail – General Merchandise and Clothing, and Financial Services.
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