Citi Sticks to Their Hold Rating for J Sainsbury plc (SBRY)

In a report released today, Monique Pollard from Citi maintained a Hold rating on J Sainsbury plc, with a price target of £3.38. The company’s shares closed yesterday at p347.60.

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Pollard covers the Consumer Cyclical sector, focusing on stocks such as Delivery Hero SE, JD Sports Fashion, and Entain plc. According to TipRanks, Pollard has an average return of 10.6% and a 55.34% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for J Sainsbury plc with a p340.14 average price target, representing a -2.15% downside. In a report released on October 23, TR | OpenAI – 4o also downgraded the stock to a Hold with a p377.00 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