J Sainsbury plc (LON:SBRY) Receives GBX 847.50 Average Price Target from Brokerages

Shares of J Sainsbury plc (LON:SBRY) have received a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is GBX 847.50.

A number of analysts have recently issued reports on the stock. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 375 price objective on shares of J Sainsbury in a research note on Thursday, July 2nd. Shore Capital Group restated a “house stock” rating on shares of J Sainsbury in a research note on Tuesday, June 30th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 310 target price on shares of J Sainsbury in a report on Wednesday, July 1st. 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 research note on Tuesday, June 9th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 360 price target on shares of J Sainsbury in a report on Wednesday, July 1st.

J Sainsbury Price Performance

LON SBRY opened at GBX 352.80 on Tuesday. The company has a current ratio of 0.56, a quick ratio of 0.53 and a debt-to-equity ratio of 107.33. J Sainsbury has a 12 month low of GBX 291.20 and a 12 month high of GBX 361.80. The stock has a market cap of £7.74 billion, a price-to-earnings ratio of 20.88, a PEG ratio of 0.42 and a beta of 1.00. The company’s 50 day moving average is GBX 321.14 and its two-hundred day moving average is GBX 329.79.

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.