Sainsbury J PLC (LON:SBRY) has been reiterated to Buy in a statement by Deutsche Bank today.
- Updated: October 1, 2016
Having a price of 245.00GBX, Sainsbury J PLC (LON:SBRY) traded 1.40% higher on the day. The last stock close price is down -2.43% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Sainsbury J PLC has recorded a 50-day average of 242.44GBX and a two hundred day average of 251.91GBX. Trade Volume was up over the average, with 9,726,005 shares of SBRY changing hands over the typical 8,525,680
Deutsche Bank has reiterated Sainsbury J PLC (LON:SBRY) to Buy in a statement released on Thursday September 29, 2016.
With a market cap of 0 GBX, Sainsbury J PLC has one year low of 211.50GBX and a 52 week high of 294.40GBX with a PE ratio of 10.92 .
In addition to Deutsche Bank reporting its stock price target, a total of 15 brokerages have reported on the stock. The consensus target price is 260.87GBX with 1 equity analyst rating the company a strong buy, 5 firms rating the stock a buy, eight analysts rating the company a hold, 3 brokers rating the company a underperform, and lastly one firm rating the stock a sell.
More About Sainsbury J PLC (LON:SBRY)
J Sainsbury plc is engaged in grocery-related retailing and retail banking. The Company's segments include Retailing; Financial services, and Property investments. The Retailing segment is engaged in the operation of supermarkets and convenience. The Financial services segment includes the operations of Sainsbury's Bank plc (Sainsbury's Bank). The Property investments segment includes the Company's joint ventures with the British Land Company PLC and Land Securities Group PLC. The Company has approximately 2,000 food suppliers and over 1,000 non-food suppliers. The Company offers over 15,000 own-brand products and has approximately 770 convenience stores. The Company offers groceries under various categories, such as fruit and veg, meat and fish, dairy, chilled, bakery, frozen, food cupboard, drinks, health and beauty, baby, household, pet and home. Sainsbury's Bank provides a range of products, including insurances, credit cards, savings and loans.
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