J Sainsbury plc (LON:SBRY) Receives GBX 355.17 Consensus Target Price from Analysts

J Sainsbury plc (LON:SBRY) has been given an average rating of “Moderate Buy” by the six brokerages that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is GBX 355.17.

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group restated a “hold” rating and set a GBX 310 price target on shares of J Sainsbury in a research note on Wednesday, July 1st. Citigroup increased 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 reiterated a “buy” rating and issued a GBX 395 target price on shares of J Sainsbury in a research note on Friday, June 26th. Shore Capital Group reissued a “house stock” rating on shares of J Sainsbury in a research report on Friday, July 31st. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a GBX 375 target price on shares of J Sainsbury in a research report on Thursday, July 2nd.

J Sainsbury Stock Performance

Shares of SBRY stock opened at GBX 331.60 on Wednesday. The business’s fifty day simple moving average is GBX 343.33 and its 200-day simple moving average is GBX 332.85. The company has a market cap of £7.22 billion, a PE ratio of 19.62, a PEG ratio of 0.42 and a beta of 1.00. The company has a current ratio of 0.56, a quick ratio of 0.53 and a debt-to-equity ratio of 107.33. J Sainsbury has a 12-month low of GBX 293.70 and a 12-month high of GBX 380.30.

Insider Activity

In related news, insider Simon Roberts sold 346,154 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of GBX 333, for a total value of £1,152,692.82. 0.44% of the stock is currently owned by 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.