Analysts Set J Sainsbury plc (LON:SBRY) PT at GBX 847.50

J Sainsbury plc (LON:SBRY) has been assigned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 847.50.

Several equities analysts recently issued reports on the stock. Shore Capital Group reiterated a “house stock” rating on shares of J Sainsbury in a research report on Tuesday, June 30th. Jefferies Financial Group restated a “hold” rating and issued a GBX 310 price objective on shares of J Sainsbury in a report on Wednesday, July 1st. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 375 price objective on shares of J Sainsbury in a research report on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 360 target price on shares of J Sainsbury in a report on Wednesday, July 1st. Finally, Citigroup decreased their target price on J Sainsbury from GBX 3,350 to GBX 3,300 and set a “neutral” rating for the company in a research report on Tuesday, June 9th.

Insider Buying and Selling at J Sainsbury

In other J Sainsbury news, insider Simon Roberts sold 197,186 shares of the firm’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of GBX 328, for a total transaction of £646,770.08. Also, insider Bl á thnaid Bergin sold 110,092 shares of the business’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of GBX 328, for a total transaction of £361,101.76. 0.44% of the stock is owned by corporate insiders.

J Sainsbury Stock Performance

LON:SBRY opened at GBX 345.71 on Tuesday. The stock has a market cap of £7.59 billion, a P/E ratio of 20.46, a price-to-earnings-growth ratio of 0.42 and a beta of 1.00. The firm’s fifty day simple moving average is GBX 319.50 and its 200 day simple moving average is GBX 329.56. J Sainsbury has a twelve month low of GBX 291.20 and a twelve month high of GBX 361.80. The company has a quick ratio of 0.53, a current ratio of 0.56 and a debt-to-equity ratio of 107.33.

J Sainsbury (LON:SBRY) last issued its quarterly earnings data on Thursday, April 23rd. The grocer reported GBX 22.30 EPS for the quarter. J Sainsbury had a net margin of 1.14% and a return on equity of 6.12%. The business had revenue of GBX 3,364.70 billion during the quarter. As a group, research analysts predict that J Sainsbury will post 25.7241977 EPS for the current year.

J Sainsbury Company Profile

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.