J Sainsbury plc -7.1% potential downside indicated by JP Morgan

J Sainsbury plc with ticker (LON:SBRY) now has a potential downside of -7.1% according to JP Morgan.



JP Morgan set a target price of 262 GBX for the company, which when compared to the J Sainsbury plc share price of 282 GBX at opening today (17/05/2024) indicates a potential downside of -7.1%. Trading has ranged between 244 (52 week low) and 311 (52 week high) with an average of 6,275,661 shares exchanging hands daily. The market capitalisation at the time of writing is £6,729,904,429.

J Sainsbury PLC is a United Kingdom-based merchandise retail company. It operates through three segments: Retail-Food, Retail-General Merchandise and Clothing and Financial Services. The Retail segment comprises the sale of food, household, general merchandise, clothing and fuel primarily through store and online channels. The Financial Services segment comprises banking and insurance services through Sainsbury’s Bank and Argos Financial Services. It is focused on food and convenient shopping, whether in-store or online, is supported by its brands, including Argos, Habitat, Tu, Nectar and Sainsbury’s Bank. 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. 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.