Jefferies Financial Group Upgrades J Sainsbury (LON:SBRY) to “Buy”

Jefferies Financial Group upgraded shares of J Sainsbury (LON:SBRY) to a buy rating in a research note published on Monday morning, Marketbeat reports. They currently have GBX 300 ($3.71) target price on the grocer’s stock.

Separately, Shore Capital reissued a house stock rating on shares of J Sainsbury in a report on Friday. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Hold and an average price target of GBX 281.67 ($3.48).

J Sainsbury Stock Performance

LON SBRY opened at GBX 269 ($3.32) on Monday. The company has a quick ratio of 0.53, a current ratio of 0.72 and a debt-to-equity ratio of 93.13. The company has a market capitalization of £6.40 billion, a P/E ratio of 8,966.67, a P/E/G ratio of 1.42 and a beta of 0.66. J Sainsbury has a 12-month low of GBX 243.80 ($3.01) and a 12-month high of GBX 311.16 ($3.84). The firm has a 50-day moving average price of GBX 257.30 and a two-hundred day moving average price of GBX 270.26.

J Sainsbury Company Profile

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.