J Sainsbury’s (SBRY) “Buy” Rating Reaffirmed at Deutsche Bank Aktiengesellschaft

J Sainsbury (LON:SBRY)‘s stock had its “buy” rating reaffirmed by analysts at Deutsche Bank Aktiengesellschaft in a research note issued on Monday,London Stock Exchange reports. They presently have a GBX 360 price target on the grocer’s stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 1.54% from the company’s previous close.

A number of other equities research analysts have also recently commented on the stock. Shore Capital Group restated a “house stock” rating on shares of J Sainsbury in a research note on Friday. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 375 price target on shares of J Sainsbury in a research report on Thursday, July 2nd. Citigroup decreased their price objective on shares of J Sainsbury from GBX 3,350 to GBX 3,300 and set a “neutral” rating on the stock in a research report on Tuesday, June 9th. Jefferies Financial Group restated a “hold” rating and set a GBX 310 target price on shares of J Sainsbury in a research note on Wednesday, July 1st. Finally, UBS Group reiterated a “buy” rating and issued a GBX 395 price target on shares of J Sainsbury in a research note on Friday, June 26th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, J Sainsbury presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 847.50.

J Sainsbury Stock Down 1.4%

LON SBRY opened at GBX 354.52 on Monday. J Sainsbury has a 52 week low of GBX 291.20 and a 52 week high of GBX 380.30. The company has a quick ratio of 0.53, a current ratio of 0.56 and a debt-to-equity ratio of 107.33. The company has a market capitalization of £7.78 billion, a P/E ratio of 20.98, a price-to-earnings-growth ratio of 0.42 and a beta of 1.00. The stock’s 50-day moving average price is GBX 324.79 and its 200-day moving average price is GBX 330.79.

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.