Bernstein Sticks to Their Hold Rating for J Sainsbury plc (SBRY)
In a report released today, William Woods from Bernstein maintained a Hold rating on J Sainsbury plc, with a price target of p350.00.
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Woods covers the Consumer Cyclical sector, focusing on stocks such as PUMA SE NPV, Inditex, and Pandora A/S. According to TipRanks, Woods has an average return of 7.8% and a 58.06% success rate on recommended stocks.
In addition to Bernstein, J Sainsbury plc also received a Hold from Jefferies’s Frederick Wild in a report issued on January 16. However, on January 12, Citi 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:
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- Sainsbury’s Updates £5bn Euro Medium Term Note Programme
- Sainsbury’s Completes £92m Share Buyback Programme
- J Sainsbury Updates Market on Employee Share Scheme Allotments
- Sainsbury’s Buys Back and Cancels 636,600 Shares Under Ongoing Programme
- Sainsbury Executive Buys Shares Under Company Incentive Plan
