J Sainsbury (LON:SBRY) Given Buy Rating at UBS Group

J Sainsbury (LON:SBRY)‘s stock had its “buy” rating reiterated by analysts at UBS Group in a research note issued on Friday,Digital Look reports. They currently have a GBX 395 price target on the grocer’s stock. UBS Group’s price target would indicate a potential upside of 25.64% from the company’s current price.

A number of other analysts have also issued reports on SBRY. Citigroup lowered their price target on J Sainsbury from GBX 3,350 to GBX 3,300 and set a “neutral” rating on the stock in a research note on Tuesday, June 9th. Jefferies Financial Group restated a “hold” rating and issued a GBX 310 price objective on shares of J Sainsbury in a report on Friday, April 24th. Finally, Shore Capital Group reaffirmed a “house stock” rating on shares of J Sainsbury in a research note on Tuesday, June 16th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 931.

J Sainsbury Price Performance

J Sainsbury stock traded up GBX 3.50 during midday trading on Friday, reaching GBX 314.40. The company had a trading volume of 28,366,131 shares, compared to its average volume of 24,876,021. The company has a debt-to-equity ratio of 107.33, a current ratio of 0.56 and a quick ratio of 0.53. J Sainsbury has a 12-month low of GBX 275.80 and a 12-month high of GBX 361.80. The company has a market capitalization of £6.98 billion, a P/E ratio of 18.60, a P/E/G ratio of 0.42 and a beta of 1.00. The firm’s fifty day simple moving average is GBX 315.74 and its 200-day simple moving average is GBX 327.06.

J Sainsbury (LON:SBRY) last posted its quarterly earnings data on Thursday, April 23rd. The grocer reported GBX 22.30 EPS for the quarter. J Sainsbury had a return on equity of 6.12% and a net margin of 1.14%.The company had revenue of GBX 3,364.70 billion during the quarter. As a group, equities analysts anticipate that J Sainsbury will post 25.7241977 EPS for the current year.

Insiders Place Their Bets

In other J Sainsbury news, insider Bl á thnaid Bergin sold 110,092 shares of the business’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of GBX 328, for a total value of £361,101.76. Also, insider Katie Bickerstaffe purchased 4,297 shares of the business’s stock in a transaction dated Friday, April 24th. The shares were purchased at an average price of GBX 347 per share, with a total value of £14,910.59. 0.44% of the stock is owned by 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. 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.