Jefferies Remains a Hold on J Sainsbury plc (SBRY)
In a report released today, Frederick Wild from Jefferies reiterated a Hold rating on J Sainsbury plc, with a price target of p310.00.
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According to TipRanks, Wild is a 2-star analyst with an average return of 1.8% and a 51.11% success rate. Wild covers the Consumer Defensive sector, focusing on stocks such as Tesco plc, J Sainsbury plc, and Koninklijke Ahold Delhaize N.V..
In addition to Jefferies, J Sainsbury plc also received a Hold from Kepler Capital ‘s Francois Digard in a report issued on January 6. However, on January 12, RBC Capital maintained a Buy 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 33 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:
Disclaimer & DisclosureReport an Issue
- Sainsbury Executive Buys Shares Under Company Incentive Plan
- Sainsbury’s Buys Back and Cancels 635,800 Shares Under Ongoing Programme
- J Sainsbury Continues Buyback With £0.31 Per Share Purchase and Cancellation
- J Sainsbury Continues Share Buyback With £2m Share Repurchase for Cancellation
- Sainsbury CEO and Non-Executive Director Report Share Transactions Under LTIP and Market Purchase
