Jefferies Financial Group Reiterates “Hold” Rating for J Sainsbury (LON:SBRY)

J Sainsbury (LON:SBRY)‘s stock had its “hold” rating reissued by research analysts at Jefferies Financial Group in a research report issued to clients and investors on Tuesday, MarketBeat reports. They currently have a GBX 310 price target on the grocer’s stock. Jefferies Financial Group’s target price would suggest a potential downside of 7.85% from the stock’s previous close.

Several other research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. dropped their target price on shares of J Sainsbury from GBX 350 to GBX 345 and set an “overweight” rating on the stock in a report on Monday, January 12th. Citigroup lowered their target price on shares of J Sainsbury from GBX 366 to GBX 360 and set a “buy” rating for the company in a research note on Monday, January 12th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 330.

J Sainsbury Price Performance

Shares of LON:SBRY remained flat at GBX 336.40 on Tuesday. The stock had a trading volume of 2,810,604 shares, compared to its average volume of 41,964,215. The company has a market capitalization of £7.49 billion, a PE ratio of 23.86, a price-to-earnings-growth ratio of 0.42 and a beta of 1.18. The company has a debt-to-equity ratio of 102.27, a current ratio of 0.62 and a quick ratio of 0.53. J Sainsbury has a fifty-two week low of GBX 223.40 and a fifty-two week high of GBX 361.80. The stock’s 50 day simple moving average is GBX 332.60 and its 200 day simple moving average is GBX 327.31.

Insider Activity at J Sainsbury

In other news, insider Katie Bickerstaffe purchased 5,534 shares of the stock in a transaction that occurred on Wednesday, January 14th. The shares were purchased at an average cost of GBX 309 per share, with a total value of £17,100.06. Also, insider Simon Roberts sold 30,340 shares of the company’s stock in a transaction dated Monday, January 12th. The stock was sold at an average price of GBX 308, for a total transaction of £93,447.20. 0.42% of the stock is 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.