J Sainsbury (LON:SBRY) Given Buy Rating at Deutsche Bank Aktiengesellschaft

J Sainsbury (LON:SBRY)‘s stock had its “buy” rating reissued by Deutsche Bank Aktiengesellschaft in a note issued to investors on Wednesday,Digital Look reports. They currently have a GBX 360 price target on the grocer’s stock. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 9.76% from the company’s previous close.

Several other research analysts also recently commented on SBRY. Shore Capital Group reaffirmed a “house stock” rating on shares of J Sainsbury in a report on Tuesday. Jefferies Financial Group restated a “hold” rating and set a GBX 310 price objective on shares of J Sainsbury in a research report on Wednesday. Citigroup cut their price objective on J Sainsbury from GBX 3,350 to GBX 3,300 and set a “neutral” rating on the stock in a research note on Tuesday, June 9th. Finally, UBS Group reiterated a “buy” rating and issued a GBX 395 target price on shares of J Sainsbury in a report on Friday, June 26th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 835.83.

J Sainsbury Trading Up 2.6%

LON SBRY traded up GBX 8.20 on Wednesday, hitting GBX 328. The company’s stock had a trading volume of 77,950,820 shares, compared to its average volume of 24,913,404. 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 has a 1-year low of GBX 275.80 and a 1-year high of GBX 361.80. The company’s 50-day moving average is GBX 313.72 and its 200 day moving average is GBX 327.14. The firm has a market cap of £7.28 billion, a PE ratio of 19.41, a PEG ratio of 0.42 and a beta of 1.00.

J Sainsbury (LON:SBRY) last issued its quarterly earnings data 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 for the quarter. J Sainsbury had a net margin of 1.14% and a return on equity of 6.12%. As a group, analysts predict that J Sainsbury will post 25.7241977 earnings per share for the current fiscal year.

Insider Buying and Selling

In other J Sainsbury news, insider Bl á thnaid Bergin sold 110,092 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of GBX 328, for a total value of £361,101.76. Also, insider Katie Bickerstaffe purchased 4,297 shares of the company’s stock in a transaction on Friday, April 24th. The stock was acquired at an average cost of GBX 347 per share, for a total transaction of £14,910.59. 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.