J Sainsbury plc (LON:SBRY) has earned a consensus recommendation of “Hold” from the thirteen ratings firms that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 230.13 ($3.01).
Several analysts have issued reports on the company. Jefferies Financial Group restated a “hold” rating and issued a GBX 200 ($2.61) price objective on shares of J Sainsbury in a research note on Wednesday, May 1st. UBS Group reiterated a “neutral” rating on shares of J Sainsbury in a research note on Tuesday, July 2nd. Berenberg Bank increased their price target 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. Deutsche Bank reiterated a “hold” rating on shares of J Sainsbury in a research note on Friday, July 12th. Finally, Sanford C. Bernstein dropped their price target on J Sainsbury from GBX 310 ($4.05) to GBX 250 ($3.27) and set a “market perform” rating for the company in a research note on Thursday, May 2nd.
In other news, insider Michael Andrew Coupe sold 135,219 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of GBX 210 ($2.74), for a total transaction of £283,959.90 ($371,043.90). Insiders bought a total of 171 shares of company stock worth $34,363 in the last 90 days.
J Sainsbury Company Profile
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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