Todays Report: Today, J Sainsbury plc (SBRY) Given “Reduce” Rating at HSBC

Today, J Sainsbury plc (SBRY) Given “Reduce” Rating at HSBC

J Sainsbury plc (LON:SBRY)‘s stock had its “reduce” rating restated by HSBC in a research report issued to clients and investors on Tuesday. They currently have a GBX 185 ($2.31) price objective on the grocer’s stock. HSBC’s target price suggests a potential downside of 21.61% from the stock’s current price.

Several other research firms have also recently weighed in on SBRY. Barclays PLC restated an “equal weight” rating and set a GBX 270 ($3.37) target price on shares of J Sainsbury plc in a research note on Wednesday, September 14th. BNP Paribas reaffirmed an “outperform” rating and set a GBX 260 ($3.25) price target on shares of J Sainsbury plc in a research report on Friday, August 5th. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 280 ($3.50) price target on shares of J Sainsbury plc in a research report on Thursday, September 29th. Beaufort Securities reaffirmed a “hold” rating on shares of J Sainsbury plc in a research report on Thursday, September 29th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a GBX 200 ($2.50) price target on shares of J Sainsbury plc in a research report on Thursday, September 8th. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of GBX 257.25 ($3.21).

Shares of J Sainsbury plc (LON:SBRY) remained flat at GBX 236.00 during trading on Tuesday. The company had a trading volume of 5,318,594 shares. J Sainsbury plc has a one year low of GBX 211.50 and a one year high of GBX 294.40. The company’s 50-day moving average is GBX 240.75 and its 200 day moving average is GBX 240.78. The company’s market capitalization is GBX 4.61 billion.

The business also recently announced a dividend, which will be paid on Wednesday, January 4th. Stockholders of record on Thursday, November 17th will be paid a GBX 3.60 ($0.04) dividend. The ex-dividend date is Thursday, November 17th. This represents a dividend yield of 1.51%.

In other news, insider Ed Barker sold 19,490 shares of the stock in a transaction dated Monday, November 21st. The stock was sold at an average price of GBX 235 ($2.94), for a total value of £45,801.50 ($57,223.26).

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