J Sainsbury (LON:SBRY) Earns “House Stock” Rating from Shore Capital Group

J Sainsbury (LON:SBRY)‘s stock had its “house stock” rating restated by research analysts at Shore Capital Group in a note issued to investors on Tuesday,London Stock Exchange reports.

A number of other equities research analysts have also recently commented on the company. Jefferies Financial Group reissued a “hold” rating and set a GBX 310 price target on shares of J Sainsbury in a report on Friday, April 24th. Citigroup dropped their price objective on J Sainsbury from GBX 3,350 to GBX 3,300 and set a “neutral” rating for the company in a research note on Tuesday, June 9th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, J Sainsbury currently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,065.

J Sainsbury Price Performance

Shares of LON SBRY traded down GBX 3.90 during midday trading on Tuesday, reaching GBX 307.90. The stock had a trading volume of 5,142,891 shares, compared to its average volume of 25,136,434. The company has a market capitalization of £6.83 billion, a price-to-earnings ratio of 18.22, a price-to-earnings-growth ratio of 0.42 and a beta of 1.00. J Sainsbury has a 12-month low of GBX 275.80 and a 12-month high of GBX 361.80. The stock has a 50-day moving average of GBX 322.68 and a 200-day moving average of GBX 327.87. The company has a debt-to-equity ratio of 107.33, a quick ratio of 0.53 and a current ratio of 0.56.

J Sainsbury (LON:SBRY) last released its earnings results on Thursday, April 23rd. The grocer reported GBX 22.30 earnings per share for the quarter. The company had revenue of GBX 3,364.70 billion for the quarter. J Sainsbury had a net margin of 1.14% and a return on equity of 6.12%. As a group, research analysts anticipate that J Sainsbury will post 25.7241977 EPS for the current fiscal year.

Insider Activity

In related news, insider Bl á thnaid Bergin sold 110,092 shares of the stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of GBX 328, for a total transaction of £361,101.76. Also, insider Katie Bickerstaffe purchased 4,297 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The shares were purchased at an average cost of GBX 347 per share, with a total value of £14,910.59. Company insiders own 0.44% of the company’s stock.

J Sainsbury Company Profile

J Sainsbury plc is one of the UK’s leading food, general merchandise and clothing retailers.

Offering delicious, great quality food at competitive prices has been at the heart of what we do since we opened our first store in 1869. Today, inspiring and delighting our customers with tasty food remains our priority. Our purpose is that driven by our passion for food, together we serve and help every customer.

Our focus on great value food and convenient shopping, whether in-store or online is supported by our brands – Argos, Habitat, Tu, Nectar and Sainsbury’s Bank.