J Sainsbury plc (LON:SBRY) Receives Consensus Recommendation of “Hold” from Brokerages
J Sainsbury plc (LON:SBRY) has been assigned a consensus recommendation of “Hold” from the thirteen analysts that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is GBX 236.10 ($3.09).
Several research firms have recently issued reports on SBRY. Barclays downgraded J Sainsbury to an “equal weight” rating and cut their price target for the stock from GBX 340 ($4.44) to GBX 250 ($3.27) in a research note on Tuesday, July 16th. UBS Group raised J Sainsbury to a “buy” rating and cut their price target for the stock from GBX 245 ($3.20) to GBX 240 ($3.14) in a research note on Tuesday. Investec lifted their price target on J Sainsbury from GBX 265 ($3.46) to GBX 280 ($3.66) and gave the stock a “buy” rating in a research note on Wednesday, August 28th. Deutsche Bank reaffirmed a “hold” rating on shares of J Sainsbury in a research note on Friday, July 12th. Finally, Goldman Sachs Group raised J Sainsbury to a “neutral” rating and cut their price target for the stock from GBX 225 ($2.94) to GBX 215 ($2.81) in a research note on Friday, June 28th.
Shares of LON:SBRY traded up GBX 0.70 ($0.01) during midday trading on Thursday, hitting GBX 214.90 ($2.81). 4,297,800 shares of the stock were exchanged, compared to its average volume of 9,310,000. The stock has a market cap of $4.76 billion and a P/E ratio of 24.15. The company has a current ratio of 0.67, a quick ratio of 0.46 and a debt-to-equity ratio of 24.73. J Sainsbury has a twelve month low of GBX 177.05 ($2.31) and a twelve month high of GBX 327.20 ($4.28). The company has a 50 day moving average price of GBX 197.41 and a 200-day moving average price of GBX 210.20.
J Sainsbury plc, together with its subsidiaries, engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom. It operates through four segments: Retail Food; Retail General Merchandise and Clothing; Financial Services; and Property Investment.
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