JPMorgan has updated its outlook on J Sainsbury (JSAIY, Financial), increasing the price target for the retailer's shares from 305 GBp to 330 GBp. The investment firm maintains an Overweight rating on the stock, suggesting confidence in the company's future performance.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for Sainsbury (J) PLC (JSAIY, Financial) is $12.50 with a high estimate of $12.50 and a low estimate of $12.50. The average target implies an downside of 11.22% from the current price of $14.08. More detailed estimate data can be found on the Sainsbury (J) PLC (JSAIY) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, Sainsbury (J) PLC's (JSAIY, Financial) average brokerage recommendation is currently 4.0, indicating "Underperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
