J Sainsbury’s (SBRY) Hold Rating Reaffirmed at Jefferies Financial Group

J Sainsbury (LON:SBRYGet Free Report)‘s stock had its “hold” rating reiterated by investment analysts at Jefferies Financial Group in a research report issued to clients and investors on Friday,London Stock Exchange reports. They currently have a GBX 310 target price on the grocer’s stock. Jefferies Financial Group’s target price would suggest a potential downside of 10.01% from the company’s previous close.

Several other equities analysts have also recently weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of J Sainsbury from GBX 350 to GBX 345 and set an “overweight” rating on the stock in a research note on Monday, January 12th. Shore Capital Group reiterated a “house stock” rating on shares of J Sainsbury in a research note on Thursday. Finally, Citigroup lowered their price objective on shares of J Sainsbury from GBX 366 to GBX 360 and set a “buy” rating on the stock in a research note on Monday, January 12th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 330.

Check Out Our Latest Stock Report on SBRY

J Sainsbury Stock Performance

Shares of LON SBRY traded up GBX 4.40 during trading on Friday, reaching GBX 344.50. 9,595,021 shares of the company traded hands, compared to its average volume of 31,808,459. The firm has a 50 day simple moving average of GBX 345.73 and a 200-day simple moving average of GBX 333.74. The company has a quick ratio of 0.53, a current ratio of 0.62 and a debt-to-equity ratio of 102.27. The stock has a market capitalization of £7.70 billion, a PE ratio of 24.43, a P/E/G ratio of 0.42 and a beta of 1.09. J Sainsbury has a 52-week low of GBX 258.60 and a 52-week high of GBX 361.80.

J Sainsbury (LON:SBRYGet Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The grocer reported GBX 22.30 earnings per share for the quarter. J Sainsbury had a net margin of 1.00% and a return on equity of 5.08%. The firm had revenue of GBX 3,364.70 billion for the quarter. Equities research analysts anticipate that J Sainsbury will post 25.7241977 earnings per share for the current year.

Insider Buying and Selling at J Sainsbury

In other news, insider Katie Bickerstaffe bought 4,297 shares of the firm’s stock in a transaction on Friday, April 24th. The shares were bought at an average price of GBX 347 per share, for a total transaction of £14,910.59. 0.42% of the stock is owned by company insiders.

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About J Sainsbury

(Get Free Report)

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.

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