Shares of J Sainsbury plc (LON:SBRY) rose 1.3% during trading on Tuesday . The company traded as high as GBX 240 ($3.10) and last traded at GBX 239.10 ($3.09). Approximately 7,616,028 shares traded hands during trading, an increase of 7% from the average daily volume of 7,122,820 shares. The stock had previously closed at GBX 236.10 ($3.05).
SBRY has been the topic of a number of research analyst reports. Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 300 ($3.87) price target on shares of J Sainsbury plc in a research report on Wednesday, July 5th. Barclays PLC reaffirmed an “equal weight” rating and set a GBX 260 ($3.36) price target on shares of J Sainsbury plc in a research report on Thursday, June 15th. Credit Suisse Group upped their price target on shares of J Sainsbury plc from GBX 300 ($3.87) to GBX 320 ($4.13) and gave the company an “outperform” rating in a research report on Friday, May 26th. J P Morgan Chase & Co reaffirmed an “underweight” rating and set a GBX 200 ($2.58) price target on shares of J Sainsbury plc in a research report on Wednesday, July 5th. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a GBX 305 ($3.94) price target on shares of J Sainsbury plc in a research report on Tuesday, June 20th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 267.07 ($3.45).
The firm’s 50-day moving average price is GBX 241.16 and its 200-day moving average price is GBX 257.73. The company’s market capitalization is GBX 5.22 billion.
About J Sainsbury plc
J Sainsbury plc is engaged in grocery-related retailing and retail banking. The Company’s segments include Retailing; Financial services, and Property investments. The Retailing segment is engaged in the operation of supermarkets and convenience. The Financial services segment includes the operations of Sainsbury’s Bank plc (Sainsbury’s Bank).
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