Insider Selling: J Sainsbury plc (LON:SBRY) Insider Sells 69,585 Shares of Stock
J Sainsbury plc (LON:SBRY) insider Simon Roberts sold 69,585 shares of the company’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of GBX 187 ($2.30), for a total value of £130,123.95 ($160,132.85).
Shares of J Sainsbury stock opened at GBX 187.15 ($2.30) on Friday. J Sainsbury plc has a one year low of GBX 1.99 ($0.02) and a one year high of £201.30 ($247.72). The company has a debt-to-equity ratio of 93.40, a current ratio of 0.63 and a quick ratio of 0.45. The stock’s 50-day moving average is GBX 196.55 and its 200 day moving average is GBX 200.23. The firm has a market cap of $4.16 billion and a price-to-earnings ratio of 32.62.
A number of equities analysts have issued reports on SBRY shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 240 ($2.95) target price (up previously from GBX 220 ($2.71)) on shares of J Sainsbury in a report on Wednesday, July 1st. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of J Sainsbury in a report on Thursday, April 23rd. UBS Group reaffirmed a “buy” rating on shares of J Sainsbury in a report on Thursday, July 2nd. Morgan Stanley reduced their price target on J Sainsbury from GBX 214 ($2.63) to GBX 205 ($2.52) and set an “equal weight” rating on the stock in a research report on Thursday, May 21st. Finally, Shore Capital reiterated a “buy” rating on shares of J Sainsbury in a research report on Friday, July 17th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of GBX 234.36 ($2.88).
J Sainsbury plc, together with its subsidiaries, engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom. It operates through four segments: Retail – Food; Retail – General Merchandise and Clothing; Financial Services; and Property Investment.
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