J Sainsbury (LON:SBRY) Price Target Cut to GBX 338 by Analysts at Berenberg Bank

J Sainsbury (LON:SBRY) had its target price lowered by Berenberg Bank from GBX 369 ($4.82) to GBX 338 ($4.42) in a report published on Tuesday, February 5th. Berenberg Bank currently has a buy rating on the grocer’s stock.

Several other research analysts have also recently issued reports on the company. JPMorgan Chase & Co. reiterated an underweight rating on shares of J Sainsbury in a research report on Thursday, January 24th. HSBC restated a reduce rating and issued a GBX 230 ($3.01) price target (down previously from GBX 300 ($3.92)) on shares of J Sainsbury in a research report on Friday, January 4th. UBS Group restated a buy rating on shares of J Sainsbury in a research report on Wednesday, January 9th. Barclays dropped their price target on J Sainsbury from GBX 375 ($4.90) to GBX 340 ($4.44) and set an overweight rating for the company in a research report on Wednesday, January 16th. Finally, Sanford C. Bernstein dropped their price target on J Sainsbury from GBX 330 ($4.31) to GBX 310 ($4.05) and set a market perform rating for the company in a research report on Friday, December 21st. Four research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. J Sainsbury presently has a consensus rating of Hold and a consensus target price of GBX 268.10 ($3.50).

LON:SBRY traded up GBX 2.80 ($0.04) during trading hours on Tuesday, hitting GBX 231.80 ($3.03). The company’s stock had a trading volume of 11,911,267 shares, compared to its average volume of 9,310,000. J Sainsbury has a 52-week low of GBX 222.40 ($2.91) and a 52-week high of GBX 339.89 ($4.44).

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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Analyst Recommendations for J Sainsbury (LON:SBRY)

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