Today, Societe Generale Reiterates “Hold” Rating for J Sainsbury plc (SBRY)

Today, Societe Generale Reiterates “Hold” Rating for J Sainsbury plc (SBRY)

J Sainsbury plc (LON:SBRY)‘s stock had its “hold” rating reiterated by stock analysts at Societe Generale in a research report issued to clients and investors on Wednesday. They presently have a GBX 250 ($3.10) target price on the grocer’s stock. Societe Generale’s price objective would indicate a potential upside of 7.16% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Deutsche Bank AG reiterated a “buy” rating on shares of J Sainsbury plc in a research note on Wednesday, July 27th. BNP Paribas reiterated an “outperform” rating and issued a GBX 260 ($3.23) price objective on shares of J Sainsbury plc in a research note on Friday, August 5th. Citigroup Inc. reiterated a “neutral” rating on shares of J Sainsbury plc in a research note on Wednesday, August 31st. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a GBX 200 ($2.48) price objective on shares of J Sainsbury plc in a research note on Thursday, September 8th. Finally, Barclays PLC reiterated an “equal weight” rating and issued a GBX 270 ($3.35) price objective on shares of J Sainsbury plc in a research note on Wednesday, September 14th. Five investment 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 company currently has a consensus rating of “Hold” and a consensus target price of GBX 257.25 ($3.19).

J Sainsbury plc (LON:SBRY) traded down 1.36% on Wednesday, hitting GBX 232.80. The stock had a trading volume of 7,526,385 shares. The firm’s market cap is GBX 4.55 billion. J Sainsbury plc has a 52-week low of GBX 211.50 and a 52-week high of GBX 294.40. The company’s 50 day moving average price is GBX 240.66 and its 200 day moving average price is GBX 240.24.

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

In other news, insider Ed Barker sold 21,894 shares of the business’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of GBX 237 ($2.94), for a total transaction of £51,888.78 ($64,370.15).

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