Published On: Sat, Sep 10th, 2016

J Sainsbury plc’s (SBRY) “Underweight” Rating Reaffirmed at JPMorgan Chase & Co.

J Sainsbury plc (LON:SBRY)‘s stock had its “underweight” rating restated by investment analysts at JPMorgan Chase & Co. in a report released on Thursday. They presently have a GBX 200 ($2.66) price target on the grocer’s stock. JPMorgan Chase & Co.’s price target points to a potential downside of 17.01% from the stock’s previous close.
SBRY has been the topic of a number of other research reports. Deutsche Bank AG restated a “buy” rating and issued a GBX 280 ($3.73) target price on shares of J Sainsbury plc in a research note on Wednesday, August 24th. Citigroup Inc. reiterated a “neutral” rating on shares of J Sainsbury plc in a research report on Wednesday, August 31st. BNP Paribas reiterated a “neutral” rating and set a GBX 250 ($3.33) price target on shares of J Sainsbury plc in a research report on Wednesday, June 1st. Societe Generale reiterated a “buy” rating and set a GBX 315 ($4.20) price target on shares of J Sainsbury plc in a research report on Wednesday, June 1st. Finally, Haitong Bank reiterated a “neutral” rating and set a GBX 235 ($3.13) price target on shares of J Sainsbury plc in a research report on Wednesday, June 1st. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of GBX 251.81 ($3.35).
Shares of J Sainsbury plc (LON:SBRY) traded down 1.51% during trading on Thursday, hitting GBX 241.00. The stock had a trading volume of 5,991,306 shares. The firm’s 50-day moving average is GBX 235.30 and its 200 day moving average is GBX 253.69. J Sainsbury plc has a 52-week low of GBX 211.50 and a 52-week high of GBX 294.40. The firm’s market cap is GBX 4.62 billion.

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In related news, insider Harris,Mary bought 13,119 shares of the firm’s stock in a transaction that occurred on Thursday, July 28th. The stock was purchased 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 bought 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was bought at an average price of GBX 222 ($2.96) per share, with a total value of £55,500 ($73,921.15).
J Sainsbury plc Company Profile
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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