J Sainsbury plc (LON:SBRY) Receives GBX 847.50 Consensus Target Price from Analysts

J Sainsbury plc (LON:SBRY) has received a consensus rating of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is GBX 847.50.

Several brokerages have issued reports on SBRY. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 360 target price on shares of J Sainsbury in a research note on Wednesday, July 1st. UBS Group reiterated a “buy” rating and set a GBX 395 price target on shares of J Sainsbury in a research note on Friday, June 26th. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 375 price objective on shares of J Sainsbury in a report on Thursday, July 2nd. Shore Capital Group restated a “house stock” rating on shares of J Sainsbury in a research note on Tuesday, June 30th. Finally, Citigroup dropped their price objective on shares of J Sainsbury from GBX 3,350 to GBX 3,300 and set a “neutral” rating on the stock in a report on Tuesday, June 9th.

Insider Activity at J Sainsbury

In other J Sainsbury news, insider Bl á thnaid Bergin sold 110,092 shares of the business’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of GBX 328, for a total transaction of £361,101.76. Also, insider Simon Roberts sold 197,186 shares of the stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of GBX 328, for a total value of £646,770.08. 0.44% of the stock is currently owned by company insiders.

J Sainsbury Stock Up 0.2%

SBRY opened at GBX 345 on Tuesday. J Sainsbury has a twelve month low of GBX 291.20 and a twelve month high of GBX 361.80. The company’s 50-day moving average price is GBX 320.36 and its two-hundred day moving average price is GBX 329.67. The stock has a market cap of £7.57 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 0.42 and a beta of 1.00. The company has a quick ratio of 0.53, a current ratio of 0.56 and a debt-to-equity ratio of 107.33.

J Sainsbury (LON:SBRY) last issued its quarterly earnings results on Thursday, April 23rd. The grocer reported GBX 22.30 earnings per share (EPS) for the quarter. The company had revenue of GBX 3,364.70 billion during the quarter. J Sainsbury had a net margin of 1.14% and a return on equity of 6.12%. As a group, equities analysts expect that J Sainsbury will post 25.7241977 earnings per share for the current 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. 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.