JPMorgan Chase & Co. Has Lowered Expectations for J Sainsbury (LON:SBRY) Stock Price

J Sainsbury (LON:SBRY) had its target price decreased by stock analysts at JPMorgan Chase & Co. from GBX 363 to GBX 355 in a note issued to investors on Monday, MarketBeat reports. The firm currently has an “overweight” rating on the grocer’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 8.15% from the stock’s previous close.

Separately, Shore Capital reaffirmed a “house stock” rating on shares of J Sainsbury in a research note on Thursday, November 6th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 331.

J Sainsbury Price Performance

Shares of LON SBRY opened at GBX 328.24 on Monday. The firm has a 50-day simple moving average of GBX 330.43 and a 200-day simple moving average of GBX 302.89. The stock has a market capitalization of £7.39 billion, a price-to-earnings ratio of 32.18, a price-to-earnings-growth ratio of 0.42 and a beta of 0.67. The company has a quick ratio of 0.53, a current ratio of 0.66 and a debt-to-equity ratio of 95.36. J Sainsbury has a 52 week low of GBX 223.40 and a 52 week high of GBX 360.40.

J Sainsbury (LON:SBRY) last posted its quarterly earnings results on Thursday, November 6th. The grocer reported GBX 10.30 earnings per share for the quarter. J Sainsbury had a net margin of 0.42% and a return on equity of 1.94%. On average, equities analysts predict that J Sainsbury will post 25.7241977 earnings per share for the current fiscal year.

Insider Buying and Selling

In other J Sainsbury news, insider Katie Bickerstaffe bought 2,889 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The shares were purchased at an average price of GBX 344 per share, with a total value of £9,938.16. 0.42% of the stock is owned by company insiders.

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.