J Sainsbury plc (LON:SBRY) Given Average Recommendation of “Moderate Buy” by Brokerages

J Sainsbury plc (LON:SBRYGet Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the five research firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is GBX 931.

A number of analysts have recently weighed in on SBRY shares. Jefferies Financial Group restated a “hold” rating and issued a GBX 310 price target on shares of J Sainsbury in a report on Friday, April 24th. UBS Group reissued a “buy” rating and set a GBX 395 price target on shares of J Sainsbury in a research report on Friday. Citigroup reduced their price target on shares of J Sainsbury from GBX 3,350 to GBX 3,300 and set a “neutral” rating for the company in a research report on Tuesday, June 9th. Finally, Shore Capital Group reissued a “house stock” rating on shares of J Sainsbury in a research report on Tuesday, June 16th.

View Our Latest Research Report on SBRY

Insiders Place Their Bets

In other J Sainsbury news, insider Bl á thnaid Bergin sold 110,092 shares of the business’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of GBX 328, for a total transaction of £361,101.76. Also, insider Simon Roberts sold 197,186 shares of the business’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of GBX 328, for a total transaction of £646,770.08. 0.44% of the stock is currently owned by corporate insiders.

J Sainsbury Price Performance

J Sainsbury stock traded up GBX 3.86 during mid-day trading on Friday, reaching GBX 314.76. 6,629,675 shares of the company’s stock traded hands, compared to its average volume of 24,697,854. J Sainsbury has a 12-month low of GBX 275.80 and a 12-month high of GBX 361.80. The company has a market cap of £6.98 billion, a price-to-earnings ratio of 18.62, a PEG ratio of 0.42 and a beta of 1.00. 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 stock has a 50 day moving average of GBX 315.74 and a two-hundred day moving average of GBX 327.06.

J Sainsbury (LON:SBRYGet Free Report) last announced its earnings results on Thursday, April 23rd. The grocer reported GBX 22.30 earnings per share for the quarter. J Sainsbury had a net margin of 1.14% and a return on equity of 6.12%. The business had revenue of GBX 3,364.70 billion for the quarter. Equities analysts forecast that J Sainsbury will post 25.7241977 earnings per share for the current year.

J Sainsbury Company Profile

(Get Free Report)

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.

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Analyst Recommendations for J Sainsbury (LON:SBRY)

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