J Sainsbury (LON:SBRY) had its price target trimmed by Deutsche Bank from GBX 300 ($4.01) to GBX 260 ($3.48) in a report issued on Tuesday. The brokerage currently has a hold rating on the grocer’s stock.
Other analysts also recently issued research reports about the stock. JPMorgan Chase & Co. reaffirmed an underweight rating and set a GBX 200 ($2.67) price target on shares of J Sainsbury in a report on Friday, November 10th. Credit Suisse Group cut their price target on shares of J Sainsbury from GBX 320 ($4.28) to GBX 295 ($3.94) and set an outperform rating for the company in a report on Monday, October 2nd. Jefferies Group reissued a hold rating and issued a GBX 250 ($3.34) price objective on shares of J Sainsbury in a research note on Friday, November 10th. Shore Capital reissued a buy rating on shares of J Sainsbury in a research note on Thursday, November 9th. Finally, Berenberg Bank assumed coverage on shares of J Sainsbury in a research note on Tuesday, October 3rd. They issued a buy rating and a GBX 300 ($4.01) price objective for the company. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. J Sainsbury has an average rating of Hold and a consensus target price of GBX 263.29 ($3.52).
Shares of J Sainsbury (LON:SBRY) opened at GBX 242.90 ($3.25) on Tuesday. J Sainsbury has a twelve month low of GBX 222.40 ($2.97) and a twelve month high of GBX 283.60 ($3.79). The firm has a market cap of $5,320.00 and a P/E ratio of 2,429.00.
The business also recently declared a dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Thursday, November 16th were issued a GBX 3.10 ($0.04) dividend. This represents a yield of 1.34%. The ex-dividend date of this dividend was Thursday, November 16th.
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About J Sainsbury
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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