J Sainsbury (LON:SBRY) Given House Stock Rating at Shore Capital Group

J Sainsbury (LON:SBRY)‘s stock had its “house stock” rating reaffirmed by investment analysts at Shore Capital Group in a report released on Thursday,Digital Look reports.

Other equities research analysts have also issued research reports about the stock. Jefferies Financial Group restated a “hold” rating and set a GBX 310 price target on shares of J Sainsbury in a research note on Tuesday, March 10th. Citigroup decreased their price objective on J Sainsbury from GBX 366 to GBX 360 and set a “buy” rating for the company in a report on Monday, January 12th. Finally, JPMorgan Chase & Co. decreased their price objective on J Sainsbury from GBX 350 to GBX 345 and set an “overweight” rating for the company in a report on Monday, January 12th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 330.

J Sainsbury Stock Performance

Shares of SBRY stock traded down GBX 14 during trading hours on Thursday, hitting GBX 339.10. 860,358,813 shares of the company were exchanged, compared to its average volume of 42,899,328. The firm has a fifty day simple moving average of GBX 345.97 and a 200 day simple moving average of GBX 333.72. The company has a current ratio of 0.62, a quick ratio of 0.53 and a debt-to-equity ratio of 102.27. J Sainsbury has a 52-week low of GBX 258.29 and a 52-week high of GBX 361.80. The stock has a market capitalization of £7.58 billion, a price-to-earnings ratio of 24.05, a P/E/G ratio of 0.42 and a beta of 1.09.

J Sainsbury (LON:SBRY) last issued its quarterly earnings results on Thursday, April 23rd. The grocer reported GBX 22.30 earnings per share (EPS) for the quarter. J Sainsbury had a net margin of 1.00% and a return on equity of 5.08%. The company had revenue of GBX 3,364.70 billion during the quarter. Research analysts predict that J Sainsbury will post 25.7241977 earnings per share for the current fiscal year.

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.