J Sainsbury (LON:SBRY) Receives “Overweight” Rating from Barclays

J Sainsbury (LON:SBRYGet Rating)‘s stock had its “overweight” rating reaffirmed by equities research analysts at Barclays in a note issued to investors on Friday, Digital Look reports. They currently have a GBX 280 ($3.24) price target on the grocer’s stock. Barclays‘s price objective points to a potential upside of 34.16% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. Jefferies Financial Group lowered J Sainsbury to a “hold” rating and reduced their price objective for the stock from GBX 300 ($3.47) to GBX 210 ($2.43) in a research note on Tuesday, September 6th. JPMorgan Chase & Co. reduced their price objective on J Sainsbury from GBX 190 ($2.20) to GBX 155 ($1.79) and set an “underweight” rating for the company in a research note on Friday, October 7th. Finally, Shore Capital reiterated a “house stock” rating on shares of J Sainsbury in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, J Sainsbury has an average rating of “Hold” and a consensus price target of GBX 239 ($2.76).

J Sainsbury Trading Down 1.4 %

LON:SBRY opened at GBX 208.70 ($2.41) on Friday. The company has a debt-to-equity ratio of 88.02, a current ratio of 0.68 and a quick ratio of 0.48. The firm has a market capitalization of £4.89 billion and a price-to-earnings ratio of 719.66. J Sainsbury has a one year low of GBX 168.70 ($1.95) and a one year high of GBX 303.60 ($3.51). The business has a fifty day moving average price of GBX 192 and a 200-day moving average price of GBX 211.08.

Insiders Place Their Bets

In related news, insider Jo Bertram acquired 8,000 shares of the company’s stock in a transaction on Wednesday, September 7th. The stock was acquired at an average price of GBX 209 ($2.42) per share, with a total value of £16,720 ($19,331.71).

About J Sainsbury

(Get Rating)

J Sainsbury plc, together with its subsidiaries, engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom and the Republic of Ireland. It operates through three segments: Retail – Food, Retail – General Merchandise and Clothing, and Financial Services.

Read More

Analyst Recommendations for J Sainsbury (LON:SBRY)

Receive News & Ratings for J Sainsbury Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J Sainsbury and related companies with MarketBeat.com's FREE daily email newsletter.