J Sainsbury (LON:SBRY) Receives Hold Rating from Deutsche Bank

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J Sainsbury (LON:SBRY)‘s stock had its “hold” rating reissued by equities research analysts at Deutsche Bank in a research note issued to investors on Friday, ThisIsMoney.Co.Uk reports.

A number of other research analysts also recently commented on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Teck Resources from C$56.00 to C$55.00 in a research report on Wednesday, April 24th. Sanford C. Bernstein raised shares of Walmart from a “market perform” rating to an “outperform” rating and set a $101.80 price objective on the stock in a research report on Thursday, May 2nd. Goldman Sachs Group set a €94.00 ($109.30) price objective on shares of Henkel AG & Co KGaA and gave the company a “neutral” rating in a research report on Friday, June 28th. UBS Group set a $54.00 price objective on shares of Westlake Chemical and gave the company a “sell” rating in a research report on Tuesday, July 2nd. Finally, Morgan Stanley initiated coverage on shares of in a research report on Monday, June 17th. They set an “equal weight” rating and a GBX 215 ($2.81) price objective on the stock. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 236.60 ($3.09).

Shares of SBRY opened at GBX 199.60 ($2.61) on Friday. The company’s 50 day moving average is GBX 197.47. J Sainsbury has a 52 week low of GBX 185.30 ($2.42) and a 52 week high of GBX 341.80 ($4.47). The stock has a market capitalization of $4.41 billion and a P/E ratio of 22.43. The company has a debt-to-equity ratio of 24.73, a current ratio of 0.67 and a quick ratio of 0.46.

In other J Sainsbury news, insider Michael Andrew Coupe sold 135,219 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of GBX 210 ($2.74), for a total value of £283,959.90 ($371,043.90). Insiders acquired 100,222 shares of company stock valued at $23,145,991 over the last three months.

About J Sainsbury

J Sainsbury plc, together with its subsidiaries, engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom. It operates through four segments: Retail ? Food; Retail ? General Merchandise and Clothing; Financial Services; and Property Investment.

See Also: Compound Annual Growth Rate (CAGR)

Analyst Recommendations for J Sainsbury (LON:SBRY)

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