Kepler Cheuvreux has revised its stance on J Sainsbury (JSAIY, Financial), downgrading the stock from a "Buy" to a "Hold." The decision reflects a cautious approach by the firm as it anticipates navigating through uncertain market conditions.
Accompanying this change, Kepler Cheuvreux has adjusted the price target for J Sainsbury, reducing it from 318 GBp to 281 GBp. This revision indicates a tempered outlook as the company enters a phase described as "unknown territory."
The adjustment suggests that Kepler Cheuvreux is adopting a more conservative view on J Sainsbury's near-term prospects, opting for a strategy of observation rather than active endorsement.
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 11.28% from the current price of $14.09. 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.
