J Sainsbury (LON:SBRY) was upgraded by equities researchers at UBS Group to a “buy” rating in a research note issued on Tuesday, ThisIsMoney.Co.Uk reports. The brokerage presently has a GBX 240 ($3.14) target price on the grocer’s stock, down from their prior target price of GBX 245 ($3.20). UBS Group’s price target would indicate a potential upside of 12.04% from the company’s previous close.
SBRY has been the topic of a number of other reports. Investec raised their price target on shares of J Sainsbury from GBX 265 ($3.46) to GBX 280 ($3.66) and gave the company a “buy” rating in a report on Wednesday, August 28th. Morgan Stanley assumed coverage on shares of J Sainsbury in a report on Monday, June 17th. They issued an “equal weight” rating and a GBX 215 ($2.81) price target on the stock. Goldman Sachs Group upgraded shares of J Sainsbury to a “neutral” rating and lowered their target price for the stock from GBX 225 ($2.94) to GBX 215 ($2.81) in a research note on Friday, June 28th. Deutsche Bank reiterated a “hold” rating on shares of J Sainsbury in a research note on Friday, July 12th. Finally, Barclays cut shares of J Sainsbury to an “equal weight” rating and lowered their target price for the stock from GBX 340 ($4.44) to GBX 250 ($3.27) in a research note on Tuesday, July 16th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 231.91 ($3.03).
LON:SBRY opened at GBX 214.20 ($2.80) on Tuesday. J Sainsbury has a fifty-two week low of GBX 177.05 ($2.31) and a fifty-two week high of GBX 327.20 ($4.28). The stock has a market capitalization of $4.74 billion and a P/E ratio of 24.07. The company has a debt-to-equity ratio of 24.73, a quick ratio of 0.46 and a current ratio of 0.67. The company’s 50-day simple moving average is GBX 197.41 and its 200-day simple moving average is GBX 210.20.
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.
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