J Sainsbury plc (SBRY) Earns Underweight Rating from J P Morgan Chase & Co

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).

TRADEMARK VIOLATION WARNING: “J Sainsbury plc (SBRY) Earns Underweight Rating from J P Morgan Chase & Co” was originally posted by Markets Daily and is owned by of Markets Daily. If you are reading this report on another site, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this report can be viewed at https://www.themarketsdaily.com/2017/11/13/j-sainsbury-plc-sbry-earns-underweight-rating-from-j-p-morgan-chase-co.html.

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).

Analyst Recommendations for J Sainsbury plc (LON:SBRY)

Receive News & Ratings for J Sainsbury plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J Sainsbury plc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply