Citigroup Reaffirms “Buy” Rating for J Sainsbury (SBRY)

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Citigroup restated their buy rating on shares of J Sainsbury (LON:SBRY) in a report issued on Thursday.

SBRY has been the topic of several other reports. UBS Group reissued a buy rating and issued a GBX 400 ($5.16) target price on shares of J Sainsbury in a report on Friday, August 17th. Barclays reissued an overweight rating and issued a GBX 375 ($4.84) target price on shares of J Sainsbury in a report on Wednesday, August 29th. HSBC reissued a hold rating on shares of J Sainsbury in a report on Monday, August 13th. Shore Capital reissued a hold rating on shares of J Sainsbury in a report on Wednesday, July 11th. Finally, Deutsche Bank reissued a hold rating on shares of J Sainsbury in a report on Thursday, July 5th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. J Sainsbury currently has a consensus rating of Hold and a consensus target price of GBX 302.79 ($3.91).

LON:SBRY traded down GBX 1.80 ($0.02) during mid-day trading on Thursday, reaching GBX 318.30 ($4.11). 3,508,058 shares of the company’s stock were exchanged, compared to its average volume of 9,310,000. J Sainsbury has a one year low of GBX 222.40 ($2.87) and a one year high of GBX 339.89 ($4.38).

About J Sainsbury

J Sainsbury plc, together with its subsidiaries, engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom. It operates through four segments: Retail ? Food; Retail ? General Merchandise and Clothing; Financial Services; and Property Investment.

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Analyst Recommendations for J Sainsbury (LON:SBRY)

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