J Sainsbury plc (LON:SBRY – Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 271.32 ($3.42) and traded as high as GBX 273 ($3.44). J Sainsbury shares last traded at GBX 270.30 ($3.41), with a volume of 2,809,173 shares changing hands.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on SBRY. JPMorgan Chase & Co. decreased their target price on shares of J Sainsbury from GBX 219 ($2.76) to GBX 209 ($2.63) and set an “underweight” rating for the company in a research report on Wednesday, June 7th. Barclays reiterated an “overweight” rating on shares of J Sainsbury in a research report on Monday, June 26th. Shore Capital reiterated a “house stock” rating on shares of J Sainsbury in a research report on Tuesday, June 27th. Finally, Citigroup downgraded shares of J Sainsbury to a “neutral” rating and decreased their price objective for the stock from GBX 320 ($4.03) to GBX 295 ($3.72) in a research report on Tuesday, May 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of GBX 267.25 ($3.37).
J Sainsbury Trading Up 0.1 %
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 and the Republic of Ireland. It operates through three segments: Retail Food, Retail General Merchandise and Clothing, and Financial Services.
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