J Sainsbury plc (SBRY) Rating Reiterated by HSBC Holdings plc

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).

Analyst Recommendations for J Sainsbury plc (LON:SBRY)

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