The stock of J Sainsbury plc (LON:SBRY) is a huge mover today! The stock decreased 3.72% or GBX 8.89 on November 10, hitting GBX 229.81. About 23.22 million shares traded hands or 110.52% up from the average. J Sainsbury plc (LON:SBRY) has declined 16.54% since April 13, 2016 and is downtrending. It has underperformed by 22.19% the S&P500.
The move comes after 9 months negative chart setup for the GBX 5.03 billion company. It was reported on Nov, 10 by Barchart.com. We have GBX 211.43 PT which if reached, will make LON:SBRY worth GBX 402.40 million less.
J Sainsbury plc (LON:SBRY) Ratings Coverage
Out of 18 analysts covering Sainsbury J PLC (LON:SBRY), 5 rate it a “Buy”, 4 “Sell”, while 9 “Hold”. This means 28% are positive. Sainsbury J PLC has been the topic of 159 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of J Sainsbury plc (LON:SBRY) has “Hold” rating given on Wednesday, March 9 by Jefferies. The firm has “Hold” rating given on Wednesday, November 2 by Societe Generale. The firm has “Neutral” rating given on Friday, July 24 by BNP Paribas. The stock of J Sainsbury plc (LON:SBRY) has “Hold” rating given on Thursday, November 12 by Deutsche Bank. BNP Paribas maintained J Sainsbury plc (LON:SBRY) rating on Tuesday, September 20. BNP Paribas has “Outperform” rating and GBX 265 price target. The firm has “Outperform” rating by BNP Paribas given on Monday, October 17. The rating was maintained by Jefferies on Thursday, October 29 with “Hold”. Deutsche Bank maintained the shares of SBRY in a report on Thursday, October 1 with “Hold” rating. The firm earned “Hold” rating on Tuesday, January 12 by Jefferies. Barclays Capital maintained it with “Equal Weight” rating and GBX 250 target price in Friday, January 8 report.
More news for J Sainsbury plc (LON:SBRY) were recently published by: Fool.Co.Uk, which released: “Is J Sainsbury plc still a better buy than Tesco plc?” on September 28, 2016. Fool.Co.Uk‘s article titled: “How safe is J Sainsbury plc’s dividend?” and published on August 25, 2016 is yet another important article.
J Sainsbury plc is engaged in grocery-related retailing and retail banking. The company has a market cap of 5.03 billion GBP. The Company’s divisions include Retailing; Financial services, and Property investments. It has a 10.24 P/E ratio. The Retailing segment is engaged in the operation of supermarkets and convenience.
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