The J Sainsbury plc’s (SBRY) Outperform Rating Reiterated at BNP Paribas

The J Sainsbury plc’s (SBRY) Outperform Rating Reiterated at BNP Paribas

BNP Paribas reaffirmed their outperform rating on shares of J Sainsbury plc (LON:SBRY) in a report published on Friday morning. They currently have a GBX 265 ($3.28) price objective on the grocer’s stock.

A number of other research firms also recently weighed in on SBRY. Jefferies Group dropped their price target on shares of J Sainsbury plc from GBX 280 ($3.47) to GBX 250 ($3.09) and set a hold rating on the stock in a research note on Monday, September 26th. Credit Suisse Group AG upped their price target on shares of J Sainsbury plc from GBX 290 ($3.59) to GBX 315 ($3.90) and gave the stock an outperform rating in a research note on Monday, September 26th. Shore Capital reaffirmed an under review rating on shares of J Sainsbury plc in a research note on Wednesday, September 28th. Beaufort Securities reissued a hold rating on shares of J Sainsbury plc in a research report on Thursday, June 9th. Finally, Deutsche Bank AG reissued a buy rating and set a GBX 310 ($3.84) target price on shares of J Sainsbury plc in a research report on Thursday, June 9th. Five analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. J Sainsbury plc has a consensus rating of Hold and an average price target of GBX 253.69 ($3.14).

J Sainsbury plc (LON:SBRY) opened at 233.30 on Friday. The firm’s market cap is GBX 4.47 billion. The company has a 50 day moving average price of GBX 243.03 and a 200 day moving average price of GBX 249.64. J Sainsbury plc has a 1-year low of GBX 211.50 and a 1-year high of GBX 294.40.

In related news, insider Cassin ,Brian purchased 25,000 shares of the stock in a transaction that occurred on Wednesday, August 3rd. The stock was acquired at an average price of GBX 222 ($2.75) per share, with a total value of £55,500 ($68,688.12). Also, insider Harris,Mary purchased 13,119 shares of the stock in a transaction that occurred on Thursday, July 28th. The stock was bought at an average cost of GBX 227 ($2.81) per share, with a total value of £29,780.13 ($36,856.60).

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