J Sainsbury plc -5.8% potential downside indicated by JP Morgan Cazenove

J Sainsbury plc with ticker (LON:SBRY) now has a potential downside of -5.8% according to JP Morgan Cazenove.



JP Morgan Cazenove set a target price of 250 GBX for the company, which when compared to the J Sainsbury plc share price of 265 GBX at opening today (22/11/2023) indicates a potential downside of -5.8%. Trading has ranged between 215 (52 week low) and 291 (52 week high) with an average of 4,319,494 shares exchanging hands daily. The market capitalisation at the time of writing is £6,287,334,705.

J Sainsbury PLC is a United Kingdom-based merchandise retailer company. The Company operates through three segments: Retail – Food, Retail – General Merchandise & Clothing, and Financial Services. The Financial Services segment includes the operations of Sainsbury’s Bank plc and Argos Financial Services entities. The Company’s brands include Argos, Habitat, Tu, Nectar, and Sainsbury’s Bank. It offers a range of locally tailored products and services across food, beauty, clothing, seasonal, and general merchandise. It also offers groceries under various categories, such as fruit and veg, meat and fish, dairy, chilled, bakery, frozen, food cupboard, drinks, health and beauty, baby, household, pet, and home. It has approximately 1,408 stores, which include 597 supermarkets and over 811 convenience stores. Its Tu is a clothing retailer that offers a range of womenswear, menswear and childrenswear. Tu also offers a range of specialist sizes with its own brand petites and maternity offers.