J Sainsbury (LON:SBRY) Raised to Buy at Jefferies Financial Group

Jefferies Financial Group upgraded shares of J Sainsbury (LON:SBRY) to a buy rating in a research report released on Monday, Marketbeat.com reports. Jefferies Financial Group currently has GBX 300 ($3.71) target price on the grocer’s stock.

Separately, Shore Capital reissued a house stock rating on shares of J Sainsbury in a research note on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, J Sainsbury presently has a consensus rating of Hold and an average price target of GBX 281.67 ($3.48).

J Sainsbury Trading Down 0.4 %

LON SBRY opened at GBX 268 ($3.31) on Monday. The firm has a 50 day simple moving average of GBX 257.69 and a 200-day simple moving average of GBX 270.37. The company has a debt-to-equity ratio of 93.13, a quick ratio of 0.53 and a current ratio of 0.72. J Sainsbury has a one year low of GBX 243.80 ($3.01) and a one year high of GBX 311.16 ($3.84). The firm has a market cap of £6.38 billion, a price-to-earnings ratio of 8,933.33, a PEG ratio of 1.42 and a beta of 0.66.

About J Sainsbury

J Sainsbury plc, together with its subsidiaries, engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom and the Republic of Ireland. It operates through three segments: Retail Food, Retail General Merchandise and Clothing, and Financial Services.