J Sainsbury (LON:SBRY) Insider Simon Roberts Sells 346,154 Shares of Stock

J Sainsbury plc (LON:SBRY) insider Simon Roberts sold 346,154 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of GBX 333, for a total value of £1,152,692.82.

J Sainsbury Trading Down 1.5%

SBRY opened at GBX 330.61 on Thursday. 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 business has a 50 day moving average of GBX 336.01 and a 200-day moving average of GBX 333.64. The stock has a market cap of £7.21 billion, a PE ratio of 19.56, a PEG ratio of 0.42 and a beta of 1.01. J Sainsbury plc has a 52 week low of GBX 292.27 and a 52 week high of GBX 380.30.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 375 price objective on shares of J Sainsbury in a report on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 360 price target on shares of J Sainsbury in a research report on Monday, August 3rd. Citigroup increased their price objective on shares of J Sainsbury from GBX 330 to GBX 346 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Shore Capital Group reiterated a “house stock” rating on shares of J Sainsbury in a research note on Friday, July 31st. Finally, UBS Group restated a “buy” rating and issued a GBX 395 target price on shares of J Sainsbury in a report on Friday, June 26th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 355.17.

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.