J Sainsbury plc (LON:SBRY) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of J Sainsbury plc (LON:SBRY) have earned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 847.50.

Several equities research analysts have recently weighed in on SBRY shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 360 price objective on shares of J Sainsbury in a research report on Wednesday, July 1st. UBS Group restated a “buy” rating and issued a GBX 395 target price on shares of J Sainsbury in a report on Friday, June 26th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 310 price target on shares of J Sainsbury in a research report on Wednesday, July 1st. Shore Capital Group reaffirmed a “house stock” rating on shares of J Sainsbury in a research report on Tuesday, June 30th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 375 price target on shares of J Sainsbury in a report on Thursday, July 2nd.

J Sainsbury Stock Performance

LON:SBRY opened at GBX 352.20 on Tuesday. The company has a market capitalization of £7.73 billion, a PE ratio of 20.84, a P/E/G ratio of 0.42 and a beta of 1.00. The company has a 50 day simple moving average of GBX 316.77 and a two-hundred day simple moving average of GBX 329.05. The company has a debt-to-equity ratio of 107.33, a quick ratio of 0.53 and a current ratio of 0.56. J Sainsbury has a fifty-two week low of GBX 291.20 and a fifty-two week high of GBX 361.80.

J Sainsbury (LON:SBRY) last released its quarterly earnings results on Thursday, April 23rd. The grocer reported GBX 22.30 earnings per share (EPS) for the quarter. The firm had revenue of GBX 3,364.70 billion during the quarter. J Sainsbury had a net margin of 1.14% and a return on equity of 6.12%. Research analysts anticipate that J Sainsbury will post 25.7241977 earnings per share for the current year.

Insider Activity at J Sainsbury

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

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.