J Sainsbury plc (SBRY) PT Raised to GBX 260

J Sainsbury plc (LON:SBRY) had its target price raised by equities research analysts at BNP Paribas from GBX 255 ($3.15) to GBX 260 ($3.21) in a research report issued to clients and investors on Friday. The firm currently has a “neutral” rating on the grocer’s stock. BNP Paribas’ price objective would suggest a potential downside of 5.21% from the stock’s current price.

SBRY has been the subject of a number of other research reports. Shore Capital restated a “buy” rating on shares of J Sainsbury plc in a research report on Thursday, March 16th. Citigroup Inc restated a “neutral” rating and set a GBX 260 ($3.21) price objective on shares of J Sainsbury plc in a research report on Friday, January 6th. AlphaValue restated an “add” rating and set a GBX 295 ($3.64) price objective on shares of J Sainsbury plc in a research report on Wednesday, January 11th. HSBC Holdings plc restated a “reduce” rating and set a GBX 185 ($2.28) price objective on shares of J Sainsbury plc in a research report on Friday, January 6th. Finally, Goldman Sachs Group Inc restated a “sell” rating and set a GBX 195 ($2.41) price objective (up previously from GBX 145 ($1.79)) on shares of J Sainsbury plc in a research report on Wednesday, December 14th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of GBX 253.93 ($3.14).

Analyst Recommendations for J Sainsbury plc (LON:SBRY)

Shares of J Sainsbury plc (LON:SBRY) opened at 274.30 on Friday. J Sainsbury plc has a 12 month low of GBX 211.50 and a 12 month high of GBX 294.40. The stock has a 50 day moving average of GBX 265.58 and a 200 day moving average of GBX 250.54. The firm’s market cap is GBX 5.36 billion.

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J Sainsbury plc Company Profile

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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