J Sainsbury’s (SBRY) “Hold” Rating Reaffirmed at Jefferies Financial Group

Jefferies Financial Group reaffirmed their hold rating on shares of J Sainsbury (LON:SBRY) in a research report sent to investors on Tuesday morning, MarketBeat reports. Jefferies Financial Group currently has a GBX 310 price objective on the grocer’s stock.

A number of other brokerages have also recently issued reports on SBRY. Citigroup dropped their target price on shares of J Sainsbury from GBX 366 to GBX 360 and set a “buy” rating for the company in a report on Monday, January 12th. JPMorgan Chase & Co. decreased their price target on J Sainsbury from GBX 350 to GBX 345 and set an “overweight” rating on the stock in a research note on Monday, January 12th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, J Sainsbury has an average rating of “Moderate Buy” and an average price target of GBX 330.

J Sainsbury Stock Performance

Shares of J Sainsbury stock opened at GBX 336.40 on Tuesday. The firm’s fifty day simple moving average is GBX 332.79 and its 200-day simple moving average is GBX 327.54. J Sainsbury has a 12 month low of GBX 223.40 and a 12 month high of GBX 361.80. The company has a debt-to-equity ratio of 102.27, a current ratio of 0.62 and a quick ratio of 0.53. The stock has a market capitalization of £7.49 billion, a price-to-earnings ratio of 23.86, a PEG ratio of 0.42 and a beta of 1.18.

Insider Activity

In other J Sainsbury news, insider Simon Roberts sold 30,340 shares of J Sainsbury stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of GBX 308, for a total value of £93,447.20. Also, insider Katie Bickerstaffe purchased 5,534 shares of the business’s stock in a transaction on Wednesday, January 14th. The stock was acquired at an average price of GBX 309 per share, with a total value of £17,100.06. 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. 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.