J Sainsbury (LON:SBRY)‘s stock had its “overweight” rating restated by equities research analysts at Morgan Stanley in a research note issued to investors on Wednesday, Analyst Ratings.Net reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at AlphaValue reiterated a “reduce” rating on shares of J Sainsbury in a research note to investors on Thursday, August 22nd. They now have a GBX 352 ($5.48) price target on the stock. Separately, analysts at BNP Paribas reiterated an “underperform” rating on shares of J Sainsbury in a research note to investors on Wednesday, August 21st. They now have a GBX 360 ($5.61) price target on the stock. Finally, analysts at BNP Paribas reiterated an “underperform” rating on shares of J Sainsbury in a research note to investors on Tuesday, July 16th. They now have a GBX 360 ($5.61) price target on the stock.
Eight investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 372.07 ($5.79).
Shares of J Sainsbury (LON:SBRY) traded down 2.13% on Wednesday, hitting GBX 390.20. The stock had a trading volume of 1,667,002 shares. J Sainsbury has a 52-week low of GBX 315.831 and a 52-week high of GBX 401.20. The stock has a 50-day moving average of GBX 389.4 and a 200-day moving average of GBX 373.. The company’s market cap is £7.366 billion.
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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