J Sainsbury’s (SBRY) “Buy” Rating Reiterated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reiterated their buy rating on shares of J Sainsbury (LON:SBRY) in a research note published on Monday morning, Marketbeat reports. They currently have a GBX 360 target price on the grocer’s stock.

Several other research firms also recently commented on SBRY. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 375 price target on shares of J Sainsbury in a research note on Thursday, July 2nd. Jefferies Financial Group reissued a “hold” rating and set a GBX 310 target price on shares of J Sainsbury in a research note on Wednesday, July 1st. Shore Capital Group reissued a “house stock” rating on shares of J Sainsbury in a research report on Friday, July 31st. Citigroup cut 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. Finally, UBS Group reissued a “buy” rating and issued a GBX 395 target price on shares of J Sainsbury in a report on Friday, June 26th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 847.50.

J Sainsbury Price Performance

SBRY opened at GBX 356 on Monday. The firm has a market cap of £7.81 billion, a price-to-earnings ratio of 21.07, a PEG ratio of 0.42 and a beta of 1.00. J Sainsbury has a 12-month low of GBX 291.20 and a 12-month high of GBX 380.30. The company has a current ratio of 0.56, a quick ratio of 0.53 and a debt-to-equity ratio of 107.33. The stock’s 50-day moving average price is GBX 327.68 and its 200 day moving average price is GBX 331.74.

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.