Published On: Sat, Sep 17th, 2016

Barclays PLC Reaffirms “Equal weight” Rating for J Sainsbury plc (SBRY)

J Sainsbury plc (LON:SBRY)‘s stock had its “equal weight” rating reaffirmed by stock analysts at Barclays PLC in a report released on Wednesday. They presently have a GBX 270 ($3.60) price target on the grocer’s stock. Barclays PLC’s target price would suggest a potential upside of 12.36% from the company’s previous close.
Other equities analysts have also recently issued research reports about the company. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 310 ($4.13) price objective on shares of J Sainsbury plc in a research note on Thursday, June 9th. Societe Generale reiterated a “buy” rating and issued a GBX 315 ($4.20) price objective on shares of J Sainsbury plc in a research note on Wednesday, June 1st. Beaufort Securities reiterated a “hold” rating on shares of J Sainsbury plc in a research note on Thursday, June 9th. Jefferies Group reiterated a “hold” rating and issued a GBX 280 ($3.73) price objective on shares of J Sainsbury plc in a research note on Wednesday, June 1st. Finally, Shore Capital reiterated a “hold” rating on shares of J Sainsbury plc in a research note on Wednesday, June 8th. Five analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of GBX 253.38 ($3.37).
Shares of J Sainsbury plc (LON:SBRY) opened at 240.30 on Wednesday. The stock has a 50 day moving average of GBX 237.10 and a 200 day moving average of GBX 253.14. The stock’s market capitalization is GBX 4.60 billion. J Sainsbury plc has a 52-week low of GBX 211.50 and a 52-week high of GBX 294.40.

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In related news, insider Harris,Mary acquired 13,119 shares of J Sainsbury plc stock in a transaction dated Thursday, July 28th. The shares were acquired at an average cost of GBX 227 ($3.02) per share, for a total transaction of £29,780.13 ($39,664.53). Also, insider Cassin ,Brian acquired 25,000 shares of J Sainsbury plc stock in a transaction dated Wednesday, August 3rd. The stock was bought at an average price of GBX 222 ($2.96) per share, for a total transaction of £55,500 ($73,921.15).
About J Sainsbury plc
J Sainsbury plc is engaged in grocery-related retailing and retail banking. The Company’s segments include Retailing; Financial services, and Property investments. The Retailing segment is engaged in the operation of supermarkets and convenience. The Financial services segment includes the operations of Sainsbury’s Bank plc (Sainsbury’s Bank).

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