J Sainsbury’s (SBRY) House Stock Rating Reaffirmed at Shore Capital Group

Shore Capital Group reiterated their house stock rating on shares of J Sainsbury (LON:SBRY) in a research report released on Friday,Digital Look reports.

Several other brokerages also recently weighed in on SBRY. Royal Bank Of Canada restated an “outperform” rating and set a GBX 375 price target on shares of J Sainsbury in a report on Thursday, July 2nd. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 310 price target on shares of J Sainsbury in a research note on Wednesday, July 1st. UBS Group reiterated a “buy” rating and issued a GBX 395 price target on shares of J Sainsbury in a research note on Friday, June 26th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 360 price objective on shares of J Sainsbury in a research report on Wednesday, July 1st. Finally, Citigroup reduced their price objective on shares of J Sainsbury from GBX 3,350 to GBX 3,300 and set a “neutral” rating for the company in a research note on Tuesday, June 9th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of GBX 847.50.

J Sainsbury Stock Up 1.0%

Shares of LON:SBRY opened at GBX 359.40 on Friday. The stock has a fifty day simple moving average of GBX 324.79 and a two-hundred day simple moving average of GBX 330.65. The stock has a market capitalization of £7.89 billion, a price-to-earnings ratio of 21.27, a PEG ratio of 0.42 and a beta of 1.00. J Sainsbury has a 12-month low of GBX 291.20 and a 12-month high of GBX 380.30. The company has a current ratio of 0.56, a quick ratio of 0.53 and a debt-to-equity ratio of 107.33.

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.