RBC Capital Sticks to Its Buy Rating for J Sainsbury plc (SBRY)
RBC Capital analyst Manjari Dhar maintained a Buy rating on J Sainsbury plc yesterday and set a price target of p375.00.
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Dhar covers the Consumer Cyclical sector, focusing on stocks such as Hugo Boss, Dunelm Group, and Halfords. According to TipRanks, Dhar has an average return of 1.0% and a 53.09% 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 January 6, Kepler Capital maintained a Hold rating on J Sainsbury plc (LSE: SBRY).
Based on J Sainsbury plc’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of p17.58 billion and a net profit of p165 million. In comparison, last year the company earned a revenue of p17.2 billion and had a net profit of p76 million
Based on the recent corporate insider activity of 30 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.
Read More on GB:SBRY:
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- J Sainsbury price target lowered to 360 GBp from 366 GBp at Citi
- J Sainsbury price target lowered to 345 GBp from 350 GBp at JPMorgan
- Sainsbury’s Continues Share Buyback With Cancellation of 481,370 Shares
- J Sainsbury Continues Share Buyback with Purchase and Cancellation of 459,300 Shares
- Sainsbury’s Gains Christmas Market Share Again as Grocery Strength Lifts Profit and Cash Outlook
