J Sainsbury (LON: SBRY)‘s stock had its “overweight” rating restated by equities researchers at Morgan Stanley in a report issued on Wednesday. They currently have a $6.07 (400 GBX) target price on the stock.
J Sainsbury traded up 0.76% on Wednesday, hitting GBX 343.90. J Sainsbury has a 1-year low of GBX 278.60 and a 1-year high of GBX 362.20. The stock’s 50-day moving average is currently GBX 344.5. The company’s market cap is £6.467 billion.
A number of other analysts have also recently weighed in on SBRY. Analysts at Jefferies Group reiterated a “hold” rating on shares of J Sainsbury in a research note to investors on Wednesday. They now have a $5.00 price target on the stock. Separately, analysts at Oriel Securities Ltd reiterated a “hold” rating on shares of J Sainsbury in a research note to investors on Monday. They now have a $4.53 price target on the stock. Finally, analysts at Espirito Santo Investment Bank Research reiterated a “neutral” rating on shares of J Sainsbury in a research note to investors on Monday. They now have a $5.29 price target on the stock.
J Sainsbury plc is engaged in grocery and related retailing. The Company is organized into three segments: Retailing (Supermarkets and Convenience); Financial services (Sainsbury’s Bank joint venture), and Property investments (The British Land Company PLC joint venture and Land Securities PLC joint venture).
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