J Sainsbury plc (LON:SBRY) Receives GBX 355.17 Average PT from Analysts

Shares of J Sainsbury plc (LON:SBRY) have been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is GBX 355.17.

A number of brokerages have recently commented on SBRY. UBS Group reissued a “buy” rating and issued a GBX 395 price target on shares of J Sainsbury in a report on Friday, June 26th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 375 price target on shares of J Sainsbury in a research note on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 360 price objective on shares of J Sainsbury in a research report on Monday, August 3rd. Citigroup upped their target price on J Sainsbury from GBX 330 to GBX 346 and gave the company a “neutral” rating in a report on Friday, August 7th. Finally, Shore Capital Group reissued a “house stock” rating on shares of J Sainsbury in a research note on Friday, July 31st.

J Sainsbury Stock Down 1.6%

SBRY opened at GBX 331.50 on Wednesday. The company has a 50 day moving average of GBX 343.50 and a 200 day moving average of GBX 332.56. The company has a market cap of £7.22 billion, a PE ratio of 19.62, a price-to-earnings-growth ratio of 0.42 and a beta of 1.00. J Sainsbury has a 12 month low of GBX 293.70 and a 12 month high of GBX 380.30. The company has a current ratio of 0.56, a quick ratio of 0.53 and a debt-to-equity ratio of 107.33.

Insider Transactions at J Sainsbury

In related news, insider Simon Roberts sold 346,154 shares of J Sainsbury stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of GBX 333, for a total transaction of £1,152,692.82. 0.44% of the stock is currently owned by company insiders.

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.