J.P. Morgan Sticks to Its Buy Rating for J Sainsbury plc (SBRY)
In a report released today, Borja Olcese from J.P. Morgan reiterated a Buy rating on J Sainsbury plc, with a price target of p355.00.
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According to TipRanks, Olcese is a 4-star analyst with an average return of 10.7% and a 62.62% success rate. Olcese covers the Consumer Defensive sector, focusing on stocks such as Koninklijke Ahold Delhaize N.V., J Sainsbury plc, and Tesco plc.
J Sainsbury plc has an analyst consensus of Moderate Buy, with a price target consensus of p344.14.
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
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