Deutsche Bank Cuts J Sainsbury (SBRY) Price Target to GBX 260

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).

Analyst Recommendations for J Sainsbury (LON:SBRY)

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