J Sainsbury plc (SBRY) Given “Neutral” Rating at BNP Paribas

J Sainsbury plc (LON:SBRY)‘s stock had its “neutral” rating reissued by research analysts at BNP Paribas in a report released on Wednesday. They currently have a GBX 250 ($3.23) target price on the grocer’s stock. BNP Paribas’ price objective suggests a potential upside of 4.56% from the company’s current price.

A number of other research analysts also recently issued reports on the company. Citigroup Inc. reissued a “buy” rating and issued a GBX 305 ($3.94) price target on shares of J Sainsbury plc in a report on Tuesday, June 20th. Barclays PLC reissued an “equal weight” rating and issued a GBX 260 ($3.36) price target on shares of J Sainsbury plc in a report on Thursday, June 15th. Shore Capital reissued a “buy” rating on shares of J Sainsbury plc in a report on Wednesday, May 17th. Credit Suisse Group reissued an “outperform” rating and issued a GBX 320 ($4.13) price target on shares of J Sainsbury plc in a report on Tuesday, August 29th. Finally, HSBC Holdings plc reissued a “reduce” rating and issued a GBX 200 ($2.58) price target on shares of J Sainsbury plc in a report on Wednesday, July 5th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. J Sainsbury plc presently has a consensus rating of “Hold” and an average target price of GBX 266.36 ($3.44).

Shares of J Sainsbury plc (LON SBRY) opened at 238.50 on Wednesday. The company has a 50-day moving average of GBX 241.10 and a 200 day moving average of GBX 257.68. J Sainsbury plc has a 12-month low of GBX 224.10 and a 12-month high of GBX 283.60. The stock’s market capitalization is GBX 5.21 billion.

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About J Sainsbury plc

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 plc (LON:SBRY)

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