J Sainsbury (LON:SBRY) Raised to Buy at Jefferies Financial Group

Jefferies Financial Group upgraded shares of J Sainsbury (LON:SBRY) to a buy rating in a research report report published on Monday, Marketbeat reports. The firm currently has GBX 300 ($3.71) target price on the grocer’s stock.

Separately, Shore Capital reaffirmed a house stock rating on shares of J Sainsbury in a report on Friday, April 19th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and an average price target of GBX 281.67 ($3.48).

J Sainsbury Price Performance

Shares of SBRY stock opened at GBX 268 ($3.31) on Monday. The company has a current ratio of 0.72, a quick ratio of 0.53 and a debt-to-equity ratio of 93.13. The company has a market capitalization of £6.38 billion, a P/E ratio of 8,933.33, a P/E/G ratio of 1.42 and a beta of 0.66. J Sainsbury has a 12 month low of GBX 243.80 ($3.01) and a 12 month high of GBX 311.16 ($3.84). The stock has a 50 day moving average of GBX 257.69 and a two-hundred day moving average of GBX 270.37.

About J Sainsbury

J Sainsbury plc, together with its subsidiaries, engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom and the Republic of Ireland. It operates through three segments: Retail Food, Retail General Merchandise and Clothing, and Financial Services.