Citigroup Cuts J Sainsbury (LON:SBRY) Price Target to GBX 360

J Sainsbury (LON:SBRY) had its price objective decreased by Citigroup from GBX 366 to GBX 360 in a research note published on Monday, Marketbeat Ratings reports. Citigroup currently has a buy rating on the grocer’s stock.

A number of other analysts also recently commented on the company. JPMorgan Chase & Co. reduced their price objective on J Sainsbury from GBX 350 to GBX 345 and set an “overweight” rating for the company in a research report on Monday. Shore Capital reaffirmed a “house stock” rating on shares of J Sainsbury in a research report on Thursday, November 6th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, J Sainsbury currently has a consensus rating of “Buy” and a consensus target price of GBX 336.67.

J Sainsbury Price Performance

LON:SBRY opened at GBX 309.80 on Monday. The company has a debt-to-equity ratio of 95.36, a current ratio of 0.66 and a quick ratio of 0.53. J Sainsbury has a one year low of GBX 223.40 and a one year high of GBX 360.40. The company has a fifty day moving average price of GBX 323.49 and a 200 day moving average price of GBX 315.99. The stock has a market cap of £6.91 billion, a P/E ratio of 21.97, a PEG ratio of 0.42 and a beta of 0.67.

J Sainsbury (LON:SBRY) last posted its quarterly earnings data on Thursday, November 6th. The grocer reported GBX 10.30 earnings per share (EPS) for the quarter. J Sainsbury had a net margin of 0.42% and a return on equity of 1.94%. Analysts anticipate that J Sainsbury will post 25.7241977 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Bl á thnaid Bergin sold 225,000 shares of J Sainsbury stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of GBX 320, for a total transaction of £720,000. Also, insider Katie Bickerstaffe bought 5,534 shares of the company’s stock in a transaction on Wednesday, January 14th. The shares were bought at an average price of GBX 309 per share, for a total transaction of £17,100.06. 0.41% 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.