Brokerages Set J Sainsbury plc (LON:SBRY) Target Price at GBX 931

J Sainsbury plc (LON:SBRY) has received a consensus rating of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is GBX 847.50.

A number of equities analysts have weighed in on the company. Jefferies Financial Group reissued a “hold” rating and set a GBX 310 price target on shares of J Sainsbury in a research report on Wednesday. UBS Group reaffirmed a “buy” rating and issued a GBX 395 price objective on shares of J Sainsbury in a research report on Friday, June 26th. Citigroup reduced their target price 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. Shore Capital Group reissued a “house stock” rating on shares of J Sainsbury in a report on Tuesday. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a GBX 375 price target on shares of J Sainsbury in a research note on Thursday.

Insider Activity

In related news, insider Katie Bickerstaffe acquired 4,297 shares of the company’s stock in a transaction dated Friday, April 24th. The shares were bought at an average cost of GBX 347 per share, with a total value of £14,910.59. Also, insider Simon Roberts sold 197,186 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of GBX 328, for a total transaction of £646,770.08. Insiders own 0.44% of the company’s stock.

J Sainsbury Stock Performance

Shares of SBRY opened at GBX 335.90 on Friday. The firm has a 50-day moving average of GBX 312.95 and a 200-day moving average of GBX 327.29. J Sainsbury has a one year low of GBX 278.80 and a one year high of GBX 361.80. The company has a market cap of £7.45 billion, a PE ratio of 19.88, a price-to-earnings-growth ratio of 0.42 and a beta of 1.00. The company has a debt-to-equity ratio of 107.33, a current ratio of 0.56 and a quick ratio of 0.53.

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

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.