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J Sainsbury plc (SBRY) Receives a Buy from UBS

Tipranks - Tipranks - Thu Mar 12, 4:50AM CDT

In a report released today, Sreedhar Mahamkali from UBS maintained a Buy rating on J Sainsbury plc, with a price target of p372.00.

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Mahamkali covers the Consumer Cyclical sector, focusing on stocks such as Next plc, Greggs plc, and H&M Hennes & Mauritz AB Class B. According to TipRanks, Mahamkali has an average return of -0.4% and a 48.07% success rate on recommended stocks.

In addition to UBS, J Sainsbury plc also received a Buy from TipRanks – OpenAI’s OpenAI Consumer Defensive GB in a report issued on March 6. However, yesterday, Jefferies reiterated a Hold rating on J Sainsbury plc (LSE: SBRY).

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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 32 insiders, corporate insider sentiment is neutral on the stock.

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