Shore Capital Reiterates House Stock Rating for J Sainsbury (LON:SBRY)

Shore Capital restated their house stock rating on shares of J Sainsbury (LON:SBRY) in a report issued on Tuesday, MarketBeat Ratings reports.

J Sainsbury Stock Up 1.7%

J Sainsbury stock opened at GBX 281.41 ($3.84) on Tuesday. The company has a debt-to-equity ratio of 95.36, a current ratio of 0.66 and a quick ratio of 0.53. The stock has a market capitalization of £6.49 billion, a PE ratio of 47.46, a price-to-earnings-growth ratio of 0.42 and a beta of 0.67. The business has a 50 day simple moving average of GBX 280.26 and a 200-day simple moving average of GBX 263.33. J Sainsbury has a 12 month low of GBX 223.40 ($3.05) and a 12 month high of GBX 301.40 ($4.11).

J Sainsbury (LON:SBRY) last released its quarterly earnings results on Thursday, April 17th. The grocer reported GBX 23.10 ($0.32) earnings per share (EPS) for the quarter. J Sainsbury had a net margin of 0.42% and a return on equity of 1.94%. On average, analysts anticipate that J Sainsbury will post 25.7241977 EPS for the current fiscal year.

Insider Activity

In related news, insider Simon Roberts sold 468,427 shares of the company’s stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of GBX 277 ($3.78), for a total transaction of £1,297,542.79 ($1,771,389.47). Also, insider Bl á thnaid Bergin sold 41,221 shares of the firm’s stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of GBX 260 ($3.55), for a total transaction of £107,174.60 ($146,313.45). 5.40% 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.