J Sainsbury plc (LON:SBRY) Receives GBX 355.17 Consensus PT from Brokerages

Shares of J Sainsbury plc (LON:SBRY) have received an average recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is GBX 355.17.

Several research firms have weighed in on SBRY. UBS Group reissued a “buy” rating and issued a GBX 395 price target on shares of J Sainsbury in a research note on Friday, June 26th. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 375 target price on shares of J Sainsbury in a research note on Thursday, July 2nd. Jefferies Financial Group restated a “hold” rating and set a GBX 310 price target on shares of J Sainsbury in a research report on Wednesday, July 1st. Shore Capital Group reaffirmed a “house stock” rating on shares of J Sainsbury in a research note on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 360 price objective on shares of J Sainsbury in a research note on Monday, August 3rd.

Insider Transactions at J Sainsbury

In other J Sainsbury news, insider Simon Roberts sold 346,154 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of GBX 333, for a total value of £1,152,692.82. 0.44% of the stock is currently owned by company insiders.

J Sainsbury Trading Up 1.5%

Shares of SBRY opened at GBX 333.50 on Friday. J Sainsbury has a fifty-two week low of GBX 292.27 and a fifty-two week high of GBX 380.30. The firm has a market cap of £7.27 billion, a price-to-earnings ratio of 19.73, a PEG ratio of 0.42 and a beta of 1.01. The firm has a 50 day moving average price of GBX 336.78 and a 200-day moving average price of GBX 333.72. 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 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.