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.
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).
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