Sainsbury J PLC (LON:SBRY) Investors: Deutsche Bank Reconfirms Buy Rating

Sainsbury J PLC (LON:SBRY) Rating

Deutsche Bank kept their Buy rating on Sainsbury J PLC (LON:SBRY)’s stock in an analyst note issued to clients and investors on 29 September.

Out of 18 analysts covering Sainsbury J PLC (LON:SBRY), 4 rate it a “Buy”, 4 “Sell”, while 10 “Hold”. This means 22% are positive. GBX 325 is the highest target while GBX 185 is the lowest. The GBX 252.27 average target is 4.37% above today’s (GBX 241.7) stock price. Sainsbury J PLC has been the topic of 131 analyst reports since October 1, 2015 according to StockzIntelligence Inc. Beaufort Securities maintained the stock on September 29 with “Hold” rating. Credit Suisse maintained it with “Outperform” rating and GBX 315 target price in a September 26 report. Deutsche Bank maintained the shares of SBRY in a report on September 29 with “Buy” rating. Barclays Capital maintained the firm’s rating on September 21. Barclays Capital has “Equal Weight” rating and GBX 270 price target. Lastly, Jefferies maintained the stock with “Hold” rating in a September 26 report.

About 2.40 million shares traded hands. J Sainsbury plc (LON:SBRY) has declined 5.27% since February 29, 2016 and is downtrending. It has underperformed by 16.52% the S&P500.

J Sainsbury plc is engaged in grocery-related retailing and retail banking. The company has a market cap of 5.29 billion GBP. The Company’s divisions include Retailing; Financial services, and Property investments. It has a 10.77 P/E ratio. The Retailing segment is engaged in the operation of supermarkets and convenience.

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