J Sainsbury (LON:SBRY) Receives Hold Rating from Jefferies Financial Group

J Sainsbury (LON:SBRY)‘s stock had its “hold” rating restated by analysts at Jefferies Financial Group in a research report issued to clients and investors on Wednesday,Digital Look reports. They currently have a GBX 310 price objective on the grocer’s stock. Jefferies Financial Group’s target price suggests a potential downside of 5.49% from the stock’s current price.

Other analysts have also issued reports about the company. UBS Group restated a “buy” rating and issued a GBX 395 price target on shares of J Sainsbury in a report on Friday, June 26th. Shore Capital Group reissued a “house stock” rating on shares of J Sainsbury in a research report on Tuesday. Finally, Citigroup cut their target price 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. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, J Sainsbury presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 835.83.

J Sainsbury Stock Up 2.6%

SBRY traded up GBX 8.20 during trading on Wednesday, reaching GBX 328. The company had a trading volume of 77,950,820 shares, compared to its average volume of 24,913,404. The company has a market cap of £7.28 billion, a P/E ratio of 19.41, a PEG ratio of 0.42 and a beta of 1.00. J Sainsbury has a 12 month low of GBX 275.80 and a 12 month high of GBX 361.80. The company has a debt-to-equity ratio of 107.33, a current ratio of 0.56 and a quick ratio of 0.53. The business’s fifty day moving average price is GBX 313.72 and its 200 day moving average price is GBX 327.14.

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

Insider Activity

In related news, insider Bl á thnaid Bergin sold 110,092 shares of the company’s stock in a transaction dated Tuesday, April 28th. The stock was 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 J Sainsbury stock in a transaction that occurred on Friday, April 24th. The shares were bought 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 corporate 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.