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.
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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