J Sainsbury (LON:SBRY)‘s stock had its “underperform” rating reaffirmed by investment analysts at Credit Suisse in a note issued to investors on Wednesday, Analyst Ratings.Net reports. They currently have a GBX 285 ($4.56) target price on the stock. Credit Suisse’s price objective points to a potential downside of 28.54% from the stock’s previous close.
J Sainsbury (LON:SBRY) opened at 410.40 on Wednesday. J Sainsbury has a 52 week low of GBX 315.831 and a 52 week high of GBX 403.30. The stock has a 50-day moving average of GBX 393.8 and a 200-day moving average of GBX 385.0. The company’s market cap is £7.747 billion.
A number of other firms have also recently commented on SBRY. Analysts at Seymour Pierce reiterated a “hold” rating on shares of J Sainsbury in a research note to investors on Wednesday. They now have a GBX 381 ($6.10) price target on the stock. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of J Sainsbury in a research note to investors on Wednesday. They now have a GBX 385 ($6.16) price target on the stock. Finally, analysts at Cantor Fitzgerald reiterated a “hold” rating on shares of J Sainsbury in a research note to investors on Wednesday. They now have a GBX 381 ($6.10) price target on the stock. Seven research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 381.88 ($6.11).
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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