J P Morgan Chase & Co reaffirmed their underweight rating on shares of J Sainsbury plc (LON:SBRY) in a report released on Friday morning. They currently have a GBX 200 ($2.63) price target on the grocer’s stock.
SBRY has been the topic of several other reports. Credit Suisse Group reissued an outperform rating and issued a GBX 320 ($4.21) target price on shares of J Sainsbury plc in a research report on Tuesday, August 29th. Shore Capital reissued a buy rating on shares of J Sainsbury plc in a research report on Tuesday, August 22nd. BNP Paribas reissued a neutral rating and issued a GBX 250 ($3.29) target price on shares of J Sainsbury plc in a research report on Wednesday, September 13th. Deutsche Bank AG reissued a hold rating and issued a GBX 300 ($3.95) target price on shares of J Sainsbury plc in a research report on Tuesday, August 1st. Finally, HSBC Holdings plc reaffirmed a reduce rating on shares of J Sainsbury plc in a research report on Wednesday, September 6th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. J Sainsbury plc has an average rating of Hold and an average target price of GBX 267.43 ($3.52).
Shares of J Sainsbury plc (SBRY) traded down GBX 2.75 ($0.04) on Friday, hitting GBX 229.45 ($3.02). 4,422,745 shares of the stock traded hands, compared to its average volume of 8,440,000. J Sainsbury plc has a 12 month low of GBX 224.10 ($2.95) and a 12 month high of GBX 283.60 ($3.73).
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The company also recently announced a dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Thursday, November 16th will be issued a GBX 3.10 ($0.04) dividend. 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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