J Sainsbury (LON:SBRY) Price Target Cut to GBX 310 by Analysts at Jefferies Financial Group

J Sainsbury (LON:SBRY) had its target price reduced by Jefferies Financial Group from GBX 330 to GBX 310 in a report released on Friday morning, Marketbeat Ratings reports. Jefferies Financial Group currently has a hold rating on the grocer’s stock.

Several other equities analysts have also recently issued reports on the stock. Citigroup reduced their price target on shares of J Sainsbury from GBX 366 to GBX 360 and set a “buy” rating on the stock in a research report on Monday, January 12th. JPMorgan Chase & Co. reduced their target price on J Sainsbury from GBX 350 to GBX 345 and set an “overweight” rating on the stock in a report on Monday, January 12th. Finally, Shore Capital reissued a “house stock” rating on shares of J Sainsbury in a research report on Thursday, November 6th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 330.

J Sainsbury Price Performance

Shares of J Sainsbury stock opened at GBX 314.80 on Friday. The business has a 50 day moving average of GBX 322 and a 200 day moving average of GBX 316.16. J Sainsbury has a 52 week low of GBX 223.40 and a 52 week high of GBX 360.40. The company has a market cap of £7.03 billion, a PE ratio of 22.33, a P/E/G ratio of 0.42 and a beta of 0.67. The company has a quick ratio of 0.53, a current ratio of 0.66 and a debt-to-equity ratio of 95.36.

J Sainsbury (LON:SBRY) last issued its quarterly earnings data on Thursday, November 6th. The grocer reported GBX 10.30 earnings per share (EPS) for the quarter. J Sainsbury had a net margin of 0.42% and a return on equity of 1.94%. As a group, equities research analysts forecast that J Sainsbury will post 25.7241977 earnings per share for the current year.

Insider Buying and Selling at J Sainsbury

In other news, insider Bl á thnaid Bergin sold 225,000 shares of J Sainsbury stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of GBX 320, for a total transaction of £720,000. Also, insider Katie Bickerstaffe purchased 5,534 shares of the company’s stock in a transaction dated Wednesday, January 14th. The stock was bought at an average cost of GBX 309 per share, for a total transaction of £17,100.06. Insiders own 0.41% of the company’s stock.

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.