HSBC upgraded shares of J Sainsbury (LON:SBRY) to a neutral rating in a research note released on Thursday morning, Analyst Ratings Network reports. They currently have GBX 415 ($6.64) target price on the stock, up from their previous target price of GBX 340 ($5.44).
HSBC has also modified their ratings on a number of other stocks in the few days. The firm raised its price target on shares of Transocean from $62.00 to $63.80. They have an overweight rating on that stock. Also, HSBC lowered its price target on shares of Yamana Gold from $10.00 to $9.60. They have a neutral rating on that stock. Finally, HSBC lowered its price target on shares of Sina from $98.00 to $94.00. They have an overweight rating on that stock.
Shares of J Sainsbury (LON:SBRY) traded down 1.35% on Thursday, hitting GBX 409.00. 7,850,147 shares of the company’s stock traded hands. J Sainsbury has a 52-week low of GBX 315.831 and a 52-week high of GBX 416.70. The stock’s 50-day moving average is GBX 394.7 and its 200-day moving average is GBX 385.4. The company’s market cap is £7.721 billion.
The company also recently declared a dividend, which is scheduled for Friday, January 3rd. Stockholders 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.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. upgraded shares of J Sainsbury from a neutral rating to a buy rating in a research note to investors on Thursday. They now have a GBX 470 ($7.52) price target on the stock, up previously from GBX 400 ($6.40). Separately, analysts at Beaufort Securities reiterated a buy rating on shares of J Sainsbury in a research note to investors on Thursday. Finally, analysts at BNP Paribas upgraded shares of J Sainsbury from an underperform rating to a neutral rating in a research note to investors on Thursday. They now have a GBX 430 ($6.88) price target on the stock, up previously from GBX 360 ($5.76). Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. J Sainsbury currently has an average rating of Hold and a consensus target price of GBX 389.09 ($6.23).
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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