J Sainsbury (LON:SBRY) Price Target Lowered to GBX 360 at Citigroup

J Sainsbury (LON:SBRY) had its price target decreased by Citigroup from GBX 366 to GBX 360 in a research report released on Monday morning, Marketbeat reports. Citigroup currently has a buy rating on the grocer’s stock.

Several other equities research analysts have also weighed in on the company. Shore Capital reissued a “house stock” rating on shares of J Sainsbury in a research note on Thursday, November 6th. JPMorgan Chase & Co. decreased their price target on J Sainsbury from GBX 350 to GBX 345 and set an “overweight” rating for the company in a research report on Monday. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, J Sainsbury presently has a consensus rating of “Buy” and a consensus price target of GBX 336.67.

J Sainsbury Stock Down 0.4%

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

J Sainsbury (LON:SBRY) last issued its 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%. Equities research analysts expect that J Sainsbury will post 25.7241977 earnings per share for the current fiscal year.

Insider Buying and Selling at J Sainsbury

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