J Sainsbury (LON:SBRY) Upgraded to “Buy” at Jefferies Financial Group

Jefferies Financial Group upgraded shares of J Sainsbury (LON:SBRY) to a buy rating in a report released on Monday, Marketbeat.com reports. Jefferies Financial Group currently has GBX 300 ($3.71) price target on the grocer’s stock.

Separately, Shore Capital reissued a house stock rating on shares of J Sainsbury in a report on Friday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of GBX 281.67 ($3.48).

J Sainsbury Stock Up 3.9 %

Shares of SBRY opened at GBX 269 ($3.32) on Monday. The company has a current ratio of 0.72, a quick ratio of 0.53 and a debt-to-equity ratio of 93.13. J Sainsbury has a 12 month low of GBX 243.80 ($3.01) and a 12 month high of GBX 311.16 ($3.84). The stock’s 50 day moving average is GBX 257.30 and its two-hundred day moving average is GBX 270.26. The firm has a market cap of £6.40 billion, a P/E ratio of 8,966.67, a PEG ratio of 1.42 and a beta of 0.66.

J Sainsbury Company Profile

J Sainsbury plc, together with its subsidiaries, engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom and the Republic of Ireland. It operates through three segments: Retail Food, Retail General Merchandise and Clothing, and Financial Services.