J Sainsbury plc (LON:SBRY) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of J Sainsbury plc (LON:SBRY) have been given an average rating of “Moderate Buy” by the five analysts that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is GBX 931.

Several analysts have issued reports on SBRY shares. Citigroup lowered their target price on shares of 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. UBS Group reissued a “buy” rating and issued a GBX 395 price target on shares of J Sainsbury in a report on Friday. Shore Capital Group reissued a “house stock” rating on shares of J Sainsbury in a report on Tuesday, June 16th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 310 target price on shares of J Sainsbury in a research note on Friday, April 24th.

J Sainsbury Trading Up 1.2%

Shares of LON:SBRY traded up GBX 3.86 during mid-day trading on Friday, reaching GBX 314.76. 6,629,675 shares of the company’s stock were exchanged, compared to its average volume of 24,697,854. The firm has a market capitalization of £6.98 billion, a price-to-earnings ratio of 18.62, a PEG ratio of 0.42 and a beta of 1.00. The business’s fifty day moving average price is GBX 315.74 and its 200-day moving average price is GBX 327.06. The company has a debt-to-equity ratio of 107.33, a quick ratio of 0.53 and a current ratio of 0.56. J Sainsbury has a twelve month low of GBX 275.80 and a twelve month high of GBX 361.80.

J Sainsbury (LON:SBRY) last posted its earnings results on Thursday, April 23rd. The grocer reported GBX 22.30 earnings per share for the quarter. J Sainsbury had a net margin of 1.14% and a return on equity of 6.12%. The company had revenue of GBX 3,364.70 billion for the quarter. On average, research analysts predict that J Sainsbury will post 25.7241977 EPS for the current fiscal year.

Insiders Place Their Bets

In other J Sainsbury news, insider Bl á thnaid Bergin sold 110,092 shares of J Sainsbury 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 Simon Roberts sold 197,186 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of GBX 328, for a total transaction of £646,770.08. Corporate insiders own 0.44% of the company’s stock.

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. 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.