J Sainsbury (LON:SBRY) Lifted to “Buy” at UBS Group
UBS Group upgraded shares of J Sainsbury (LON:SBRY) to a buy rating in a research note released on Tuesday morning, ThisIsMoney.Co.Uk reports. They currently have GBX 240 ($3.14) target price on the grocer’s stock, down from their previous target price of GBX 245 ($3.20).
SBRY has been the subject of several other research reports. Goldman Sachs Group upgraded J Sainsbury to a neutral rating and cut their price target for the stock from GBX 225 ($2.94) to GBX 215 ($2.81) in a research note on Friday, June 28th. Shore Capital reiterated a sell rating on shares of J Sainsbury in a research note on Monday, August 19th. Deutsche Bank reiterated a hold rating on shares of J Sainsbury in a research note on Friday, July 12th. Morgan Stanley began coverage on J Sainsbury in a research note on Monday, June 17th. They set an equal weight rating and a GBX 215 ($2.81) price target for the company. Finally, Investec increased their price target on J Sainsbury from GBX 265 ($3.46) to GBX 280 ($3.66) and gave the stock a buy rating in a research note on Wednesday, August 28th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of GBX 231.91 ($3.03).
SBRY opened at GBX 217.50 ($2.84) on Tuesday. The company has a debt-to-equity ratio of 24.73, a quick ratio of 0.46 and a current ratio of 0.67. The firm has a market cap of $4.81 billion and a price-to-earnings ratio of 24.44. J Sainsbury has a twelve month low of GBX 177.05 ($2.31) and a twelve month high of GBX 327.20 ($4.28). The firm’s 50-day simple moving average is GBX 197.69 and its 200-day simple moving average is GBX 210.11.
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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