J Sainsbury (LON:SBRY) Price Target Cut to GBX 345 by Analysts at JPMorgan Chase & Co.

J Sainsbury (LON:SBRY) had its price objective lowered by JPMorgan Chase & Co. from GBX 350 to GBX 345 in a research report sent to investors on Monday, MarketBeat Ratings reports. JPMorgan Chase & Co. currently has an overweight rating on the grocer’s stock.

Several other research analysts have also recently commented on the company. Shore Capital reaffirmed a “house stock” rating on shares of J Sainsbury in a research report on Thursday, November 6th. Citigroup reduced their price objective on shares of J Sainsbury from GBX 338 to GBX 333 and set a “neutral” rating for the company in a report on Monday, November 10th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of GBX 336.67.

J Sainsbury Trading Down 0.4%

Shares of SBRY opened at GBX 310.32 on Monday. The stock’s 50-day moving average price is GBX 324.53 and its 200 day moving average price is GBX 315.88. The company has a quick ratio of 0.53, a current ratio of 0.66 and a debt-to-equity ratio of 95.36. The firm has a market capitalization of £6.93 billion, a price-to-earnings ratio of 22.01, a P/E/G ratio of 0.42 and a beta of 0.67. J Sainsbury has a 12-month low of GBX 223.40 and a 12-month high of GBX 360.40.

J Sainsbury (LON:SBRY) last announced its quarterly earnings data on Thursday, November 6th. The grocer reported GBX 10.30 EPS for the quarter. J Sainsbury had a return on equity of 1.94% and a net margin of 0.42%. As a group, research analysts predict that J Sainsbury will post 25.7241977 earnings per share for the current year.

Insider Buying and Selling at J Sainsbury

In related news, insider Katie Bickerstaffe acquired 2,889 shares of the business’s stock in a transaction on Monday, November 10th. The stock was bought at an average cost of GBX 344 per share, with a total value of £9,938.16. Also, insider Bl á thnaid Bergin sold 225,000 shares of the business’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of GBX 320, for a total transaction of £720,000. Corporate insiders own 0.41% of the company’s stock.

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.