J Sainsbury (LON:SBRY) Stock Rating Reaffirmed as Buy by Deutsche Bank Aktiengesellschaft

J Sainsbury (LON:SBRY)‘s stock had its “buy” rating reiterated by equities researchers at Deutsche Bank Aktiengesellschaft in a report released on Friday, Digital Look reports. They currently have a GBX 390 price objective on the grocer’s stock. Deutsche Bank Aktiengesellschaft‘s price objective would indicate a potential upside of 11.65% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Citigroup boosted their price objective on shares of J Sainsbury from GBX 330 to GBX 346 and gave the company a “neutral” rating in a research report on Friday, August 7th. UBS Group restated a “buy” rating and set a GBX 395 target price on shares of J Sainsbury in a research report on Friday, June 26th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 310 target price on shares of J Sainsbury in a research note on Wednesday, July 1st. Shore Capital Group reiterated a “house stock” rating on shares of J Sainsbury in a report on Friday, July 31st. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a GBX 375 price target on shares of J Sainsbury in a research note on Thursday, July 2nd. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 360.17.

J Sainsbury Price Performance

SBRY stock traded down GBX 2.80 on Friday, reaching GBX 349.30. The company had a trading volume of 640,774,063 shares, compared to its average volume of 24,529,146. The company has a debt-to-equity ratio of 115.36, a quick ratio of 0.53 and a current ratio of 0.59. The company has a market cap of £7.61 billion, a P/E ratio of 20.67, a PEG ratio of 0.42 and a beta of 1.00. J Sainsbury has a 1 year low of GBX 293.70 and a 1 year high of GBX 380.30. The company’s fifty day moving average is GBX 337.29 and its 200 day moving average is GBX 332.29.

J Sainsbury (LON:SBRY) last posted its quarterly earnings data on Thursday, October 22nd. The grocer reported GBX 9.50 EPS for the quarter. J Sainsbury had a return on equity of 6.39% and a net margin of 1.15%. On average, research analysts forecast that J Sainsbury will post 25.72 earnings per share for the current year.

Insider Buying and Selling

In other J Sainsbury news, insider Katie Bickerstaffe bought 5,732 shares of the company’s stock in a transaction that occurred on Thursday, October 22nd. The stock was purchased at an average price of GBX 347 per share, with a total value of £19,890.04. Also, insider Simon Roberts sold 346,154 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of GBX 333, for a total transaction of £1,152,692.82. 0.47% of the stock is currently owned by corporate insiders.

J Sainsbury News Roundup

Here are the key news stories impacting J Sainsbury this week:

• Positive Sentiment: Higher earnings and upgraded outlook: Sainsbury reported first-half earnings of 9.50 pence per share and raised its profit outlook after growth across the business. The improved guidance suggests management sees continued momentum despite intense competition in the UK grocery market. J Sainsbury H1 Earnings Up
• Positive Sentiment: £300 million share repurchase launched: J Sainsbury commenced a buyback of up to £300 million. Repurchases can support earnings per share and signal that management believes the shares offer attractive value, although the effect will depend on the pace and execution of the program. J Sainsbury Commences Share Repurchase
• Positive Sentiment: Dividend proposed: The company proposed an interim dividend, reinforcing its shareholder-return strategy and potentially improving the stock’s appeal to income-focused investors. The key issues for valuation are the final dividend amount and whether the stronger profit outlook can support future distributions. J Sainsbury Proposed Its Interim Dividend
• Positive Sentiment: Insider buying: Non-executive director Katie Bickerstaffe purchased 5,732 shares for approximately £19,890 at an average price of 347 pence. The purchase is a modest amount relative to the company’s size, but insider buying can be viewed as a vote of confidence. J Sainsbury Insider Buys Shares
• Positive Sentiment: Analyst support: Deutsche Bank reaffirmed its “buy” rating and GBX 390 price target. The target is above recent trading levels, though the broader analyst consensus is more moderate at GBX 360.17. Deutsche Bank J Sainsbury Recommendation
• Negative Sentiment: Valuation and financial risks remain: Sainsbury trades at roughly 20.7 times earnings, while its net margin is only 1.14%. A debt-to-equity ratio above 100 also leaves the company sensitive to interest costs and operating setbacks.

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.