J Sainsbury plc’s (SBRY) “Hold” Rating Reiterated at Deutsche Bank AG

Deutsche Bank AG reissued their hold rating on shares of J Sainsbury plc (LON:SBRY) in a research report released on Friday morning. They currently have a GBX 300 ($3.95) price objective on the grocer’s stock.

Several other research firms have also recently weighed in on SBRY. Shore Capital reaffirmed a buy rating on shares of J Sainsbury plc in a research report on Thursday, November 9th. Jefferies Group LLC dropped their price target on J Sainsbury plc from GBX 260 ($3.42) to GBX 250 ($3.29) and set a hold rating on the stock in a research report on Monday, October 23rd. Credit Suisse Group reissued an outperform rating and issued a GBX 295 ($3.88) price target on shares of J Sainsbury plc in a research report on Friday, October 20th. Citigroup Inc. reissued a buy rating and issued a GBX 305 ($4.01) price target on shares of J Sainsbury plc in a research report on Wednesday, September 20th. Finally, HSBC Holdings plc reissued a reduce rating and issued a GBX 200 ($2.63) price target on shares of J Sainsbury plc in a research report on Wednesday, July 26th. Three investment 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. The company presently has a consensus rating of Hold and a consensus price target of GBX 267.43 ($3.52).

Shares of J Sainsbury plc (LON:SBRY) opened at GBX 227.40 ($2.99) on Friday. 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).

ILLEGAL ACTIVITY WARNING: “J Sainsbury plc’s (SBRY) “Hold” Rating Reiterated at Deutsche Bank AG” was published by Markets Daily and is owned by of Markets Daily. If you are viewing this piece on another website, it was copied illegally and republished in violation of United States and international trademark & copyright law. The original version of this piece can be accessed at https://www.themarketsdaily.com/2017/11/14/j-sainsbury-plcs-sbry-hold-rating-reiterated-at-deutsche-bank-ag.html.

The business also recently announced a dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Thursday, November 16th will be paid a dividend of GBX 3.10 ($0.04) per share. The ex-dividend date is Thursday, November 16th. This represents a yield of 1.34%.

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