Morgan Stanley Reaffirms “Equal Weight” Rating for J Sainsbury (LON:SBRY)

J Sainsbury (LON:SBRYGet Rating)‘s stock had its “equal weight” rating reissued by equities researchers at Morgan Stanley in a report issued on Wednesday, Digital Look reports.

SBRY has been the topic of several other research reports. JPMorgan Chase & Co. reiterated an “underweight” rating and set a GBX 230 ($2.84) price objective on shares of J Sainsbury in a research note on Monday, February 21st. Shore Capital restated a “house stock” rating on shares of J Sainsbury in a research note on Wednesday. Berenberg Bank restated a “hold” rating and issued a GBX 285 ($3.51) price target on shares of J Sainsbury in a research note on Thursday, April 14th. Finally, Barclays restated an “overweight” rating and issued a GBX 320 ($3.95) price target on shares of J Sainsbury in a research note on Tuesday, May 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of GBX 287 ($3.54).

SBRY opened at GBX 231.57 ($2.85) on Wednesday. The firm has a market cap of £5.41 billion and a price-to-earnings ratio of 8.04. J Sainsbury has a fifty-two week low of GBX 222.60 ($2.74) and a fifty-two week high of GBX 342 ($4.22). The company’s 50-day moving average price is GBX 247.77 and its 200 day moving average price is GBX 271.02. The company has a quick ratio of 0.49, a current ratio of 0.68 and a debt-to-equity ratio of 88.02.

J Sainsbury Company Profile (Get Rating)

J Sainsbury plc, together with its subsidiaries, engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom and the Republic of Ireland. It operates through three segments: Retail – Food, Retail – General Merchandise and Clothing, and Financial Services.

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Analyst Recommendations for J Sainsbury (LON:SBRY)

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