J Sainsbury (LON:SBRY) Earns House Stock Rating from Shore Capital Group

J Sainsbury (LON:SBRY)‘s stock had its “house stock” rating restated by research analysts at Shore Capital Group in a research note issued to investors on Friday,Digital Look reports.

SBRY has been the subject of a number of other reports. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 375 target price on shares of J Sainsbury in a research report on Thursday, July 2nd. UBS Group restated a “buy” rating and issued a GBX 395 price target on shares of J Sainsbury in a research report on Friday, June 26th. Citigroup dropped 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. 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, July 1st. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 360 price objective on shares of J Sainsbury in a research note on Wednesday, July 1st. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 847.50.

J Sainsbury Trading Up 2.6%

Shares of LON:SBRY opened at GBX 365.10 on Friday. The business’s 50 day simple moving average is GBX 323.79 and its 200 day simple moving average is GBX 330.45. J Sainsbury has a 1 year low of GBX 291.20 and a 1 year high of GBX 380.30. 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 company has a market capitalization of £8.01 billion, a P/E ratio of 21.60, a P/E/G ratio of 0.42 and a beta of 1.00.

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.