Citigroup Lowers J Sainsbury (LON:SBRY) Price Target to GBX 3,300

J Sainsbury (LON:SBRY) had its price objective decreased by research analysts at Citigroup from GBX 3,350 to GBX 3,300 in a research note issued to investors on Tuesday,London Stock Exchange reports. The brokerage presently has a “neutral” rating on the grocer’s stock.

Other equities analysts have also recently issued research reports about the company. Shore Capital Group reaffirmed a “house stock” rating on shares of J Sainsbury in a report on Thursday, April 23rd. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 310 price target on shares of J Sainsbury in a report on Friday, April 24th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,065.

J Sainsbury Stock Performance

LON SBRY opened at GBX 302.10 on Tuesday. The stock has a market capitalization of £6.70 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 0.42 and a beta of 1.00. J Sainsbury has a twelve month low of GBX 275.80 and a twelve month high of GBX 361.80. The company has a current ratio of 0.56, a quick ratio of 0.53 and a debt-to-equity ratio of 107.33. The stock has a 50-day moving average of GBX 325.55 and a 200 day moving average of GBX 328.30.

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

Insider Buying and Selling

In related news, insider Bl á thnaid Bergin sold 110,092 shares of J Sainsbury stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of GBX 328, for a total value of £361,101.76. Also, insider Simon Roberts sold 197,186 shares of J Sainsbury stock in a transaction dated 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 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.