Citigroup Issues Positive Forecast for J Sainsbury (LON:SBRY) Stock Price

J Sainsbury (LON:SBRY) had its price target hoisted by analysts at Citigroup from GBX 330 to GBX 346 in a research note issued to investors on Friday,London Stock Exchange reports. The firm presently has a “neutral” rating on the grocer’s stock. Citigroup’s price target indicates a potential downside of 1.31% from the stock’s previous close.

SBRY has been the subject of several other research reports. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 375 price target on shares of J Sainsbury in a report on Thursday, July 2nd. Shore Capital Group reaffirmed a “house stock” rating on shares of J Sainsbury in a research report on Friday, July 31st. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 310 price objective on shares of J Sainsbury in a report on Wednesday, July 1st. UBS Group reiterated a “buy” rating and issued a GBX 395 price objective on shares of J Sainsbury in a report on Friday, June 26th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 360 target price on shares of J Sainsbury in a research report on Monday. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 355.17.

J Sainsbury Stock Down 1.0%

SBRY stock opened at GBX 350.60 on Friday. The company’s 50 day moving average price is GBX 328.70 and its 200 day moving average price is GBX 332.02. The firm has a market capitalization of £7.70 billion, a price-to-earnings ratio of 20.75, a PEG ratio of 0.42 and a beta of 1.00. J Sainsbury has a fifty-two week low of GBX 292.27 and a fifty-two week high of GBX 380.30. 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 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.