J Sainsbury (SBRY) Receives Buy Rating from Shore Capital

Shore Capital reaffirmed their buy rating on shares of J Sainsbury (LON:SBRY) in a report published on Wednesday, January 10th.

SBRY has been the topic of a number of other research reports. BNP Paribas restated a neutral rating and issued a GBX 250 ($3.39) price objective on shares of J Sainsbury in a report on Wednesday, September 13th. Citigroup restated a buy rating and issued a GBX 305 ($4.14) price objective on shares of J Sainsbury in a report on Wednesday, September 20th. Deutsche Bank restated a hold rating and issued a GBX 300 ($4.07) price objective on shares of J Sainsbury in a report on Wednesday, September 20th. Credit Suisse Group lowered their price target on J Sainsbury from GBX 320 ($4.34) to GBX 295 ($4.00) and set an outperform rating on the stock in a report on Monday, October 2nd. Finally, Berenberg Bank began coverage on J Sainsbury in a report on Tuesday, October 3rd. They set a buy rating and a GBX 300 ($4.07) price target on the stock. Three analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of GBX 261 ($3.54).

Shares of J Sainsbury (SBRY) opened at GBX 254.60 ($3.45) on Wednesday. The stock has a market cap of $5,580.00 and a P/E ratio of 2,546.00. J Sainsbury has a 52-week low of GBX 222.40 ($3.02) and a 52-week high of GBX 339.89 ($4.61).

The business also recently disclosed a dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Thursday, November 16th were paid a GBX 3.10 ($0.04) dividend. The ex-dividend date of this dividend was Thursday, November 16th. This represents a dividend yield of 1.34%.

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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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