J Sainsbury (LON:SBRY)‘s stock had its “sell” rating reiterated by research analysts at Shore Capital in a research note issued to investors on Monday, ThisIsMoney.Co.Uk reports.
Several other research analysts also recently commented on the company. HSBC reduced their price objective on J Sainsbury from GBX 210 ($2.74) to GBX 180 ($2.35) and set a “reduce” rating for the company in a research note on Friday. JPMorgan Chase & Co. reissued an “underweight” rating on shares of J Sainsbury in a research note on Wednesday, April 24th. Goldman Sachs Group reduced their price objective on J Sainsbury from GBX 241 ($3.15) to GBX 225 ($2.94) and set a “sell” rating for the company in a research note on Wednesday, April 17th. Berenberg Bank increased their price objective on J Sainsbury from GBX 250 ($3.27) to GBX 310 ($4.05) and gave the company a “market perform” rating in a research note on Tuesday, April 16th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a GBX 230 ($3.01) price objective on shares of J Sainsbury in a research note on Monday, April 15th. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of GBX 264.64 ($3.46).
LON SBRY opened at GBX 222.40 ($2.91) on Monday. J Sainsbury has a one year low of GBX 221.90 ($2.90) and a one year high of GBX 341.80 ($4.47). The company has a debt-to-equity ratio of 21.16, a current ratio of 0.76 and a quick ratio of 0.55. The firm has a market capitalization of $4.89 billion and a P/E ratio of 17.51.
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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