Jefferies Group LLC reiterated their hold rating on shares of J Sainsbury plc (LON:SBRY) in a research note issued to investors on Friday. The firm currently has a GBX 250 ($3.29) price objective on the grocer’s stock.
SBRY has been the subject of several other reports. Credit Suisse Group reiterated an outperform rating and set a GBX 320 ($4.21) price objective on shares of J Sainsbury plc in a research note on Tuesday, August 29th. Shore Capital reiterated a buy rating on shares of J Sainsbury plc in a research note on Tuesday, August 22nd. BNP Paribas reiterated a neutral rating and set a GBX 250 ($3.29) price objective on shares of J Sainsbury plc in a research note on Wednesday, September 13th. Deutsche Bank AG reiterated a hold rating and set a GBX 300 ($3.95) price objective on shares of J Sainsbury plc in a research note on Tuesday, August 1st. Finally, HSBC Holdings plc reiterated a reduce rating on shares of J Sainsbury plc in a research note on Wednesday, September 6th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of GBX 267.43 ($3.52).
J Sainsbury plc (SBRY) opened at GBX 227.40 ($2.99) on Friday. J Sainsbury plc has a 12 month low of GBX 224.10 ($2.95) and a 12 month high of GBX 283.60 ($3.73).
The firm also recently declared a dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Thursday, November 16th will be given a dividend of GBX 3.10 ($0.04) per share. This represents a dividend yield of 1.34%. The ex-dividend date is Thursday, November 16th.
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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