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

J Sainsbury plc (LON:SBRY) has been assigned a consensus 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 rating and four have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is GBX 355.17.

SBRY has been the subject of several analyst reports. Citigroup boosted their price objective on J Sainsbury from GBX 330 to GBX 346 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Jefferies Financial Group restated a “hold” rating and issued a GBX 310 target price on shares of J Sainsbury in a research report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 360 price target on shares of J Sainsbury in a research report on Monday, August 3rd. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 375 price target on shares of J Sainsbury in a research note on Thursday, July 2nd. Finally, UBS Group reissued a “buy” rating and set a GBX 395 price target on shares of J Sainsbury in a report on Friday, June 26th.

Insiders Place Their Bets

In related news, insider Simon Roberts sold 346,154 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of GBX 333, for a total value of £1,152,692.82. 0.44% of the stock is owned by insiders.

J Sainsbury Trading Up 0.1%

J Sainsbury stock opened at GBX 339.65 on Wednesday. J Sainsbury has a 52-week low of GBX 293.70 and a 52-week high of GBX 380.30. The company has a quick ratio of 0.53, a current ratio of 0.56 and a debt-to-equity ratio of 107.33. The firm has a market capitalization of £7.40 billion, a price-to-earnings ratio of 20.10, a PEG ratio of 0.42 and a beta of 1.00. The firm has a 50-day moving average price of GBX 343.21 and a two-hundred day moving average price of GBX 333.27.

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.