Citigroup lowered shares of J Sainsbury (LON:SBRY – Get Rating) to a neutral rating in a report released on Tuesday, Digital Look reports. The brokerage currently has GBX 295 ($3.67) price target on the grocer’s stock, down from their prior price target of GBX 320 ($3.98).
A number of other analysts have also recently weighed in on the company. Barclays upped their price target on J Sainsbury from GBX 285 ($3.54) to GBX 295 ($3.67) and gave the company an overweight rating in a research report on Friday, April 21st. Shore Capital reaffirmed a house stock rating on shares of J Sainsbury in a research note on Thursday, April 27th. Finally, Jefferies Financial Group upped their price target on J Sainsbury from GBX 230 ($2.86) to GBX 270 ($3.36) and gave the company a hold rating in a research note on Monday, March 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of GBX 260.60 ($3.24).
J Sainsbury Stock Performance
SBRY opened at GBX 278 ($3.46) on Tuesday. The stock has a market cap of £6.56 billion, a PE ratio of 3,088.89, a P/E/G ratio of 1.45 and a beta of 0.62. The stock’s 50 day simple moving average is GBX 275.70 and its 200-day simple moving average is GBX 252.52. J Sainsbury has a 1 year low of GBX 168.70 ($2.10) and a 1 year high of GBX 291 ($3.62). The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 99.53.
J Sainsbury Increases Dividend
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 and the Republic of Ireland. It operates through three segments: Retail – Food, Retail – General Merchandise and Clothing, and Financial Services.
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