J Sainsbury (LON:SBRY) Earns “Outperform” Rating from Royal Bank Of Canada

J Sainsbury (LON:SBRY)‘s stock had its “outperform” rating reiterated by analysts at Royal Bank Of Canada in a research note issued to investors on Thursday,Digital Look reports. They currently have a GBX 375 price target on the grocer’s stock. Royal Bank Of Canada’s price target would indicate a potential upside of 11.24% from the company’s previous close.

Several other analysts have also issued reports on the company. Citigroup cut their price target on J Sainsbury from GBX 3,350 to GBX 3,300 and set a “neutral” rating for the company in a report on Tuesday, June 9th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 310 price objective on shares of J Sainsbury in a research report on Wednesday. Shore Capital Group reiterated a “house stock” rating on shares of J Sainsbury in a research note on Tuesday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 360 target price on shares of J Sainsbury in a research note on Wednesday. Finally, UBS Group reaffirmed a “buy” rating and set a GBX 395 price target on shares of J Sainsbury in a report on Friday, June 26th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, J Sainsbury currently has an average rating of “Moderate Buy” and a consensus target price of GBX 847.50.

J Sainsbury Trading Up 2.0%

Shares of J Sainsbury stock opened at GBX 337.10 on Thursday. J Sainsbury has a 1-year low of GBX 277.80 and a 1-year high of GBX 361.80. The company’s fifty day simple moving average is GBX 313.23 and its 200-day simple moving average is GBX 327.19. 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 stock has a market capitalization of £7.48 billion, a PE ratio of 19.95, a P/E/G ratio of 0.42 and a beta of 1.00.

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

Insider Transactions at J Sainsbury

In other J Sainsbury news, insider Katie Bickerstaffe bought 4,297 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The shares were bought at an average price of GBX 347 per share, with a total value of £14,910.59. Also, 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. Corporate insiders own 0.44% of the company’s stock.

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.