Insider Buying: J Sainsbury (LON:SBRY) Insider Acquires £9,938.16 in Stock

J Sainsbury plc (LON:SBRY) insider Katie Bickerstaffe acquired 2,889 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The shares were bought at an average price of GBX 344 per share, with a total value of £9,938.16.

J Sainsbury Price Performance

Shares of SBRY stock opened at GBX 324.19 on Thursday. The company has a market capitalization of £7.30 billion, a P/E ratio of 31.78, a P/E/G ratio of 0.42 and a beta of 0.67. The company’s 50-day simple moving average is GBX 330.95 and its two-hundred day simple moving average is GBX 303.04. J Sainsbury plc has a one year low of GBX 223.40 and a one year high of GBX 360.40. 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 (LON:SBRY) last announced its quarterly earnings results on Thursday, November 6th. The grocer reported GBX 10.30 earnings per share (EPS) for the quarter. J Sainsbury had a return on equity of 1.94% and a net margin of 0.42%. As a group, equities analysts anticipate that J Sainsbury plc will post 25.7241977 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Citigroup cut their price target on J Sainsbury from GBX 338 to GBX 333 and set a “neutral” rating on the stock in a research note on Monday. Shore Capital reiterated a “house stock” rating on shares of J Sainsbury in a report on Thursday, November 6th. Finally, JPMorgan Chase & Co. reduced their price target on shares of J Sainsbury from GBX 363 to GBX 355 and set an “overweight” rating for the company in a report on Monday. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, J Sainsbury has an average rating of “Moderate Buy” and an average target price of GBX 331.

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.