HSBC Holdings plc restated their reduce rating on shares of J Sainsbury plc (LON:SBRY) in a research report report published on Tuesday morning. They currently have a GBX 200 ($2.63) target price on the grocer’s stock.
A number of other equities research analysts also recently commented on the company. Citigroup Inc. reaffirmed a buy rating and set a GBX 305 ($4.01) target price on shares of J Sainsbury plc in a report on Wednesday, September 20th. Credit Suisse Group reaffirmed an outperform rating and set a GBX 320 ($4.21) target price on shares of J Sainsbury plc in a report on Tuesday, August 29th. Deutsche Bank AG reaffirmed a hold rating and set a GBX 300 ($3.95) target price on shares of J Sainsbury plc in a report on Wednesday, October 25th. Jefferies Group LLC decreased their target price on J Sainsbury plc from GBX 260 ($3.42) to GBX 250 ($3.29) and set a hold rating for the company in a report on Monday, October 23rd. Finally, Berenberg Bank initiated coverage on J Sainsbury plc in a report on Tuesday, October 3rd. They set a buy rating and a GBX 300 ($3.95) target price for the company. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of GBX 267.43 ($3.52).
Shares of J Sainsbury plc (SBRY) opened at GBX 232.20 ($3.05) on Tuesday. J Sainsbury plc has a twelve month low of GBX 224.10 ($2.95) and a twelve month high of GBX 283.60 ($3.73).
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The firm also recently announced a dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Thursday, November 16th will be paid a dividend of GBX 3.10 ($0.04) per share. This represents a dividend yield of 1.34%. The ex-dividend date is Thursday, November 16th.
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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