UBS Group Reaffirms “Buy” Rating for J Sainsbury (LON:SBRY)

J Sainsbury (LON:SBRY)‘s stock had its “buy” rating reissued by research analysts at UBS Group in a report released on Friday,Digital Look reports. They presently have a GBX 395 price objective on the grocer’s stock. UBS Group’s target price points to a potential upside of 25.64% from the company’s current price.

SBRY has been the subject of a number of other reports. Shore Capital Group restated a “house stock” rating on shares of J Sainsbury in a research report on Tuesday, June 16th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 310 price target on shares of J Sainsbury in a research report on Friday, April 24th. Finally, Citigroup reduced their price objective on J Sainsbury from GBX 3,350 to GBX 3,300 and set a “neutral” rating for the company in a research note on Tuesday, June 9th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, J Sainsbury has a consensus rating of “Moderate Buy” and a consensus target price of GBX 931.

J Sainsbury Stock Performance

LON:SBRY traded up GBX 3.50 during midday trading on Friday, hitting GBX 314.40. The company’s stock had a trading volume of 28,366,131 shares, compared to its average volume of 24,876,021. J Sainsbury has a fifty-two week low of GBX 275.80 and a fifty-two week high of GBX 361.80. The firm’s 50 day moving average is GBX 315.74 and its 200-day moving average is GBX 327.06. The company has a debt-to-equity ratio of 107.33, a current ratio of 0.56 and a quick ratio of 0.53. The firm has a market cap of £6.98 billion, a P/E ratio of 18.60, a P/E/G ratio of 0.42 and a beta of 1.00.

J Sainsbury (LON:SBRY) last posted its quarterly earnings results on Thursday, April 23rd. The grocer reported GBX 22.30 earnings per share (EPS) for the quarter. The company had revenue of GBX 3,364.70 billion during the quarter. J Sainsbury had a net margin of 1.14% and a return on equity of 6.12%. Equities analysts anticipate that J Sainsbury will post 25.7241977 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Bl á thnaid Bergin sold 110,092 shares of the company’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 transaction of £361,101.76. Also, insider Katie Bickerstaffe bought 4,297 shares of the firm’s stock in a transaction dated Friday, April 24th. The shares were acquired at an average price of GBX 347 per share, for a total transaction of £14,910.59. 0.44% of the stock is currently owned by company 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.