JPMorgan Chase & Co. Issues Pessimistic Forecast for J Sainsbury (LON:SBRY) Stock Price

J Sainsbury (LON:SBRY) had its price target lowered by equities research analysts at JPMorgan Chase & Co. from GBX 363 to GBX 355 in a research report issued on Monday,Digital Look reports. The firm presently has an “overweight” rating on the grocer’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 3.26% from the stock’s current price.

Separately, Shore Capital restated a “house stock” rating on shares of J Sainsbury in a research note on Thursday. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, J Sainsbury presently has a consensus rating of “Moderate Buy” and an average target price of GBX 331.

J Sainsbury Price Performance

Shares of LON SBRY opened at GBX 343.80 on Monday. The company has a fifty day moving average price of GBX 328.77 and a 200 day moving average price of GBX 301.78. The firm has a market cap of £7.74 billion, a PE ratio of 33.71, a PEG ratio of 0.42 and a beta of 0.67. The company has a current ratio of 0.66, a quick ratio of 0.53 and a debt-to-equity ratio of 95.36. J Sainsbury has a 1-year low of GBX 223.40 and a 1-year high of GBX 360.40.

J Sainsbury (LON:SBRY) last issued its quarterly earnings results on Thursday, November 6th. The grocer reported GBX 10.30 EPS for the quarter. J Sainsbury had a return on equity of 1.94% and a net margin of 0.42%. Research analysts predict that J Sainsbury will post 25.7241977 earnings per share for the current fiscal year.

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.