J Sainsbury (LON:SBRY) Price Target Cut to GBX 355 by Analysts at JPMorgan Chase & Co.

J Sainsbury (LON:SBRY) had its price target reduced by JPMorgan Chase & Co. from GBX 363 to GBX 355 in a research note published on Monday, Marketbeat Ratings reports. They currently have an overweight rating on the grocer’s stock.

Separately, Shore Capital reiterated a “house stock” rating on shares of J Sainsbury in a research report on Thursday, November 6th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 331.

J Sainsbury Price Performance

Shares of SBRY opened at GBX 343.20 on Monday. The company has a debt-to-equity ratio of 95.36, a quick ratio of 0.53 and a current ratio of 0.66. J Sainsbury has a fifty-two week low of GBX 223.40 and a fifty-two week high of GBX 360.40. The firm has a 50-day simple moving average of GBX 329.77 and a 200-day simple moving average of GBX 302.41. The company has a market capitalization of £7.73 billion, a price-to-earnings ratio of 33.65, a price-to-earnings-growth ratio of 0.42 and a beta of 0.67.

J Sainsbury (LON:SBRY) last issued its quarterly earnings results on Thursday, November 6th. The grocer reported GBX 10.30 earnings per share (EPS) for the quarter. J Sainsbury had a return on equity of 1.94% and a net margin of 0.42%. On average, equities research analysts anticipate that J Sainsbury will post 25.7241977 earnings per share for the current year.

Insider Activity at J Sainsbury

In other J Sainsbury news, insider Katie Bickerstaffe purchased 2,889 shares of J Sainsbury stock in a transaction dated Monday, November 10th. The stock was acquired at an average cost of GBX 344 per share, with a total value of £9,938.16. 0.42% 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.