RBC Capital Remains a Buy on J Sainsbury plc (SBRY)
In a report released yesterday, Manjari Dhar from RBC Capital maintained a Buy rating on J Sainsbury plc, with a price target of p380.00.
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Dhar covers the Consumer Cyclical sector, focusing on stocks such as Hugo Boss, Pets at Home, and Dunelm Group. According to TipRanks, Dhar has an average return of 1.7% and a 55.48% success rate on recommended stocks.
In addition to RBC Capital, J Sainsbury plc also received a Buy from J.P. Morgan’s Borja Olcese in a report issued yesterday. However, on the same day, Citi maintained a Hold rating on J Sainsbury plc (LSE: SBRY).
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
Read More on GB:SBRY:
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- J Sainsbury price target lowered to 355 GBp from 363 GBp at JPMorgan
- J Sainsbury price target lowered to 333 GBp from 338 GBp at Citi
- J Sainsbury plc Announces Share Awards and Director Share Purchase
- J Sainsbury plc Executes Share Buyback to Enhance Shareholder Value
- J Sainsbury downgraded to Reduce from Hold at Kepler Cheuvreux
