J Sainsbury (LON:SBRY)‘s stock had its “neutral” rating restated by research analysts at Macquarie in a report released on Thursday, Analyst Ratings Net reports. They currently have a GBX 360 ($5.89) price objective on the stock. Macquarie’s price objective indicates a potential downside of 8.40% from the company’s current price.
J Sainsbury (LON:SBRY) opened at 389.10 on Thursday. 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 400.8 and its 200-day moving average is GBX 387.. The company’s market cap is £7.371 billion.
The company also recently announced a dividend, which is scheduled for Friday, January 3rd. Stockholders of record on Wednesday, November 20th will be paid a dividend of $5.00 per share. This represents a dividend yield of 1.21%. The ex-dividend date is Wednesday, November 20th.
A number of other analysts have also recently weighed in on SBRY. Analysts at BNP Paribas reiterated a “neutral” rating on shares of J Sainsbury in a research note to investors on Tuesday. They now have a GBX 430 ($7.04) price target on the stock. Separately, analysts at Cantor Fitzgerald raised their price target on shares of J Sainsbury from GBX 381 ($6.24) to GBX 391 ($6.40) in a research note to investors on Monday, November 25th. They now have a “hold” rating on the stock. Finally, analysts at Seymour Pierce raised their price target on shares of J Sainsbury from GBX 381 ($6.24) to GBX 391 ($6.40) in a research note to investors on Monday, November 25th. They now have a “hold” rating on the stock. Four equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. J Sainsbury presently has a consensus rating of “Hold” and a consensus target price of GBX 391.12 ($6.40).
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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