J Sainsbury (LON:SBRY) Given “Sell” Rating at Goldman Sachs Group

J Sainsbury (LON:SBRY)‘s stock had its “sell” rating reiterated by analysts at Goldman Sachs Group in a report released on Tuesday, December 5th. They currently have a GBX 220 ($2.94) target price on the grocer’s stock, up from their prior target price of GBX 205 ($2.74). Goldman Sachs Group’s price objective points to a potential downside of 8.86% from the stock’s previous close.

A number of other research firms also recently weighed in on SBRY. Shore Capital restated a “buy” rating on shares of J Sainsbury in a research note on Tuesday, August 22nd. Credit Suisse Group reiterated an “outperform” rating and set a GBX 320 ($4.28) target price on shares of J Sainsbury in a research report on Tuesday, August 29th. Barclays lowered their price target on shares of J Sainsbury from GBX 260 ($3.48) to GBX 240 ($3.21) and set an “equal weight” rating for the company in a report on Friday, September 1st. restated a “reduce” rating on shares of J Sainsbury in a report on Wednesday, September 6th. Finally, BNP Paribas reiterated a “neutral” rating and issued a GBX 250 ($3.34) price objective on shares of J Sainsbury in a research note on Wednesday, September 13th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 266.14 ($3.56).

J Sainsbury (SBRY) traded down GBX 0.50 ($0.01) during trading hours on Tuesday, reaching GBX 241.40 ($3.23). 3,484,422 shares of the company were exchanged, compared to its average volume of 8,000,000. J Sainsbury has a 1-year low of GBX 222.40 ($2.97) and a 1-year high of GBX 283.60 ($3.79). The company has a market capitalization of $5,290.00 and a price-to-earnings ratio of 2,414.00.

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J Sainsbury 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).

Analyst Recommendations for J Sainsbury (LON:SBRY)

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