J Sainsbury plc (SBRY) Receives a Hold from Citi

Citi analyst Monique Pollard maintained a Hold rating on J Sainsbury plc today. The company’s shares closed yesterday at p325.80.

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Pollard covers the Consumer Cyclical sector, focusing on stocks such as Delivery Hero SE, PUMA SE NPV, and Entain plc. According to TipRanks, Pollard has an average return of 10.3% and a 57.29% success rate on recommended stocks.

Currently, the analyst consensus on J Sainsbury plc is a Moderate Buy with an average price target of p319.90, a -1.81% downside from current levels. In a report released on September 15, Bernstein also maintained a Hold rating on the stock with a p350.00 price target.

Based on J Sainsbury plc’s latest earnings release for the quarter ending March 1, the company reported a quarterly revenue of p15.61 billion and a net profit of p166 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 25 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.