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).
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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).
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