Deutsche Bank Aktiengesellschaft downgraded shares of J Sainsbury (LON:SBRY – Free Report) to a hold rating in a research note published on Tuesday morning, Marketbeat Ratings reports. They currently have GBX 365 price objective on the grocer’s stock, down from their previous price objective of GBX 390.
A number of other brokerages have also recently commented on SBRY. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 375 price objective on shares of J Sainsbury in a research note on Thursday, July 2nd. Citigroup upped their target price on shares of J Sainsbury from GBX 330 to GBX 346 and gave the company a “neutral” rating in a research report on Friday, August 7th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 310 price target on shares of J Sainsbury in a report on Wednesday, July 1st. Finally, Shore Capital Group reiterated a “house stock” rating on shares of J Sainsbury in a research report on Friday, July 31st. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, J Sainsbury presently has a consensus rating of “Moderate Buy” and an average price target of GBX 356.
Get Our Latest Report on J Sainsbury
J Sainsbury Stock Up 0.3%
LON SBRY opened at GBX 339.55 on Tuesday. The company has a debt-to-equity ratio of 115.36, a quick ratio of 0.53 and a current ratio of 0.59. The company has a market capitalization of £7.40 billion, a P/E ratio of 20.09, a P/E/G ratio of 0.42 and a beta of 1.00. J Sainsbury has a one year low of GBX 293.70 and a one year high of GBX 380.30. The stock has a 50 day moving average price of GBX 338.03 and a 200-day moving average price of GBX 333.60.
J Sainsbury (LON:SBRY – Get Free Report) last posted its earnings results on Thursday, October 22nd. The grocer reported GBX 9.50 earnings per share for the quarter. J Sainsbury had a net margin of 1.15% and a return on equity of 6.39%. As a group, equities analysts predict that J Sainsbury will post 25.72 EPS for the current fiscal year.
J Sainsbury declared that its board has authorized a share buyback plan on Friday, October 23rd that permits the company to buy back £100 million in outstanding shares. This buyback authorization permits the grocer to repurchase up to 1.3% of its shares through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its stock is undervalued.
Insider Buying and Selling at J Sainsbury
In other news, insider Katie Bickerstaffe purchased 5,732 shares of the company’s stock in a transaction that occurred on Thursday, October 22nd. The stock was purchased at an average cost of GBX 347 per share, with a total value of £19,890.04. Also, insider Simon Roberts sold 560,000 shares of the company’s stock in a transaction dated Friday, October 23rd. The shares were sold at an average price of GBX 350, for a total transaction of £1,960,000. Corporate insiders own 0.47% of the company’s stock.
About J Sainsbury
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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