J Sainsbury (LON:SBRY)‘s stock had its “buy” rating reaffirmed by investment analysts at Citigroup Inc. in a note issued to investors on Wednesday, Analyst Ratings Network.com reports. They currently have a GBX 470 ($7.68) price objective on the stock. Citigroup Inc.’s target price would suggest a potential upside of 21.86% from the company’s current price.
A number of other firms have also recently commented on SBRY. Analysts at Macquarie reiterated a “neutral” rating on shares of J Sainsbury in a research note to investors on Thursday, December 5th. They now have a GBX 360 ($5.89) price target on the stock. Separately, analysts at BNP Paribas reiterated a “neutral” rating on shares of J Sainsbury in a research note to investors on Tuesday, December 3rd. They now have a GBX 430 ($7.03) price target on the stock. Finally, analysts at Cantor Fitzgerald raised their price target on shares of J Sainsbury from GBX 381 ($6.23) to GBX 391 ($6.39) in a research note to investors on Monday, November 25th. They now have a “hold” rating on the stock. Four investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 391.12 ($6.40).
J Sainsbury (LON:SBRY) opened at 385.70 on Wednesday. J Sainsbury has a 52-week low of GBX 315.831 and a 52-week high of GBX 428.00. The stock’s 50-day moving average is GBX 399.9 and its 200-day moving average is GBX 387.7. The company’s market cap is £7.307 billion.
The company also recently declared a dividend, which is scheduled for Friday, January 3rd. Shareholders of record on Wednesday, November 20th will be given a dividend of $5.00 per share. This represents a yield of 1.21%. The ex-dividend date of this dividend is Wednesday, November 20th.
J Sainsbury plc is engaged in grocery and related retailing. The Company is organized into three segments: Retailing (LON:SBRY); Financial services (Sainsbury’s Bank joint venture), and Property investments (The British Land Company PLC joint venture and Land Securities PLC joint venture).
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