Morgan Stanley Sticks to Its Sell Rating for J Sainsbury plc (SBRY)

Morgan Stanley analyst Izabel Dobreva maintained a Sell rating on J Sainsbury plc today and set a price target of £2.61. The company’s shares opened today at p286.80.

Don’t Miss TipRanks’ Half-Year Sale

• Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
• Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.

According to TipRanks, Dobreva is a 4-star analyst with an average return of 7.9% and a 59.76% success rate.

J Sainsbury plc has an analyst consensus of Moderate Buy, with a price target consensus of p301.78.

Based on J Sainsbury plc’s latest earnings release for the quarter ending February 28, the company reported a quarterly revenue of p15.61 billion and a net profit of p191 million. In comparison, last year the company earned a revenue of p15.72 billion and had a GAAP net loss of p18 million

Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SBRY in relation to earlier this year.