Shore Capital Group Reaffirms “House Stock” Rating for J Sainsbury (LON:SBRY)

J Sainsbury (LON:SBRY)‘s stock had its “house stock” rating restated by equities researchers at Shore Capital Group in a research report issued to clients and investors on Tuesday,London Stock Exchange reports.

A number of other equities analysts have also recently weighed in on the company. Jefferies Financial Group reiterated a “hold” rating and set a GBX 310 price target on shares of J Sainsbury in a report on Friday, April 24th. UBS Group reaffirmed a “buy” rating and issued a GBX 395 target price on shares of J Sainsbury in a research report on Friday. Finally, Citigroup decreased 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 report on Tuesday, June 9th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 931.

J Sainsbury Price Performance

Shares of LON SBRY opened at GBX 322.50 on Tuesday. The firm has a 50-day simple moving average of GBX 314.35 and a 200-day simple moving average of GBX 327.13. The company has a quick ratio of 0.53, a current ratio of 0.56 and a debt-to-equity ratio of 107.33. The stock has a market capitalization of £7.15 billion, a price-to-earnings ratio of 19.08, a price-to-earnings-growth ratio of 0.42 and a beta of 1.00. J Sainsbury has a 52 week low of GBX 275.80 and a 52 week high of GBX 361.80.

J Sainsbury (LON:SBRY) last announced 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 firm had revenue of GBX 3,364.70 billion for the quarter. On average, equities analysts predict that J Sainsbury will post 25.7241977 earnings per share for the current fiscal year.

Insider Buying and Selling

In other J Sainsbury news, insider Bl á thnaid Bergin sold 110,092 shares of the 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 £361,101.76. Also, insider Katie Bickerstaffe purchased 4,297 shares of the firm’s stock in a transaction on Friday, April 24th. The stock was acquired at an average cost of GBX 347 per share, with a total value of £14,910.59. 0.44% of the stock is owned by insiders.

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.