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

J Sainsbury (LON:SBRYGet Free Report)‘s stock had its “house stock” rating restated by equities research analysts at Shore Capital Group in a report released on Tuesday,London Stock Exchange reports.

Several other research firms have also recently issued reports on SBRY. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 310 price objective on shares of J Sainsbury in a research report on Friday, April 24th. UBS Group reaffirmed a “buy” rating and set a GBX 395 price target on shares of J Sainsbury in a report on Friday. Finally, Citigroup decreased their price target on J Sainsbury from GBX 3,350 to GBX 3,300 and set a “neutral” rating for the company in a report on Tuesday, June 9th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 931.

Check Out Our Latest Stock Analysis on J Sainsbury

J Sainsbury Stock Up 2.1%

SBRY stock opened at GBX 322.50 on Tuesday. The company’s 50 day moving average price is GBX 314.35 and its 200 day moving average price is GBX 327.13. The firm has a market capitalization of £7.15 billion, a price-to-earnings ratio of 19.08, a PEG ratio of 0.42 and a beta of 1.00. J Sainsbury has a fifty-two week low of GBX 275.80 and a fifty-two week high of GBX 361.80. The company has a debt-to-equity ratio of 107.33, a quick ratio of 0.53 and a current ratio of 0.56.

J Sainsbury (LON:SBRYGet Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The grocer reported GBX 22.30 EPS for the quarter. J Sainsbury had a net margin of 1.14% and a return on equity of 6.12%. The company had revenue of GBX 3,364.70 billion during the quarter. On average, equities research analysts anticipate that J Sainsbury will post 25.7241977 EPS for the current fiscal year.

Insider Transactions at J Sainsbury

In other news, insider Simon Roberts sold 197,186 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of GBX 328, for a total transaction of £646,770.08. Also, insider Bl á thnaid Bergin sold 110,092 shares of the company’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of GBX 328, for a total transaction of £361,101.76. Insiders own 0.44% of the company’s stock.

About J Sainsbury

(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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