J Sainsbury plc (LON:SBRY) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of J Sainsbury plc (LON:SBRY) have earned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is GBX 355.17.

SBRY has been the subject of several analyst reports. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 375 price objective on shares of J Sainsbury in a report on Thursday, July 2nd. Jefferies Financial Group reiterated a “hold” rating and set a GBX 310 target price on shares of J Sainsbury in a report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 360 price target on shares of J Sainsbury in a research report on Monday, August 3rd. UBS Group restated a “buy” rating and issued a GBX 395 price target on shares of J Sainsbury in a research note on Friday, June 26th. Finally, Shore Capital Group reaffirmed a “house stock” rating on shares of J Sainsbury in a research report on Friday, July 31st.

J Sainsbury Stock Down 0.3%

Shares of SBRY stock opened at GBX 343.80 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.53 and a debt-to-equity ratio of 107.33. J Sainsbury has a 1 year low of GBX 292.27 and a 1 year high of GBX 380.30. The firm’s fifty day moving average price is GBX 334.33 and its two-hundred day moving average price is GBX 333.18. The firm has a market capitalization of £7.50 billion, a P/E ratio of 20.34, a PEG ratio of 0.42 and a beta of 1.01.

About J Sainsbury

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.