J Sainsbury (LON:SBRY) Receives Outperform Rating from Royal Bank Of Canada

J Sainsbury (LON:SBRY)‘s stock had its “outperform” rating restated by Royal Bank Of Canada in a research note issued on Thursday,Digital Look reports. They presently have a GBX 375 target price on the grocer’s stock. Royal Bank Of Canada’s price target suggests a potential upside of 11.24% from the stock’s previous close.

SBRY has been the topic of several other reports. 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. Shore Capital Group reissued a “house stock” rating on shares of J Sainsbury in a research note on Tuesday. Jefferies Financial Group restated a “hold” rating and set a GBX 310 price objective on shares of J Sainsbury in a research report on Wednesday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 360 price objective on shares of J Sainsbury in a research report on Wednesday. Finally, UBS Group reaffirmed a “buy” rating and issued a GBX 395 price objective on shares of J Sainsbury in a research note on Friday, June 26th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 847.50.

J Sainsbury Trading Up 2.0%

Shares of SBRY opened at GBX 337.10 on Thursday. The company’s fifty day moving average is GBX 313.23 and its 200 day moving average is GBX 327.19. J Sainsbury has a fifty-two week low of GBX 277.80 and a fifty-two week high of GBX 361.80. The stock has a market capitalization of £7.48 billion, a PE ratio of 19.95, a P/E/G ratio of 0.42 and a beta of 1.00. 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 (LON:SBRY) last released its quarterly earnings data on Thursday, April 23rd. The grocer reported GBX 22.30 EPS for the quarter. J Sainsbury had a net margin of 1.14% and a return on equity of 6.12%. The business had revenue of GBX 3,364.70 billion during the quarter. Sell-side analysts expect that J Sainsbury will post 25.7241977 earnings per share for the current fiscal year.

Insider Transactions at J Sainsbury

In related news, insider Simon Roberts sold 197,186 shares of the company’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of GBX 328, for a total transaction of £646,770.08. Also, insider Katie Bickerstaffe purchased 4,297 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The shares were purchased at an average price of GBX 347 per share, for a total transaction of £14,910.59. Company 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.