J Sainsbury plc (SBRY) Given “Hold” Rating at Jefferies Group LLC

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).

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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).

Analyst Recommendations for J Sainsbury plc (LON:SBRY)

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