J Sainsbury (LON:SBRY) Given Buy Rating at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reaffirmed their buy rating on shares of J Sainsbury (LON:SBRY) in a research report report published on Tuesday,Digital Look reports. They currently have a GBX 390 target price on the grocer’s stock.

Several other analysts also recently weighed in on SBRY. Citigroup boosted their price objective on shares of J Sainsbury from GBX 330 to GBX 346 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 310 target price on shares of J Sainsbury in a research report on Wednesday, July 1st. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 375 price target on shares of J Sainsbury in a research note on Thursday, July 2nd. UBS Group reissued a “buy” rating and issued a GBX 395 price target on shares of J Sainsbury in a research report on Friday, June 26th. Finally, Shore Capital Group restated a “house stock” rating on shares of J Sainsbury in a research note on Friday, July 31st. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, J Sainsbury currently has a consensus rating of “Moderate Buy” and an average price target of GBX 360.17.

J Sainsbury Stock Performance

Shares of SBRY opened at GBX 321.80 on Tuesday. The company has a market capitalization of £7.01 billion, a price-to-earnings ratio of 19.04, a price-to-earnings-growth ratio of 0.42 and a beta of 1.00. J Sainsbury has a 52-week low of GBX 293.70 and a 52-week high of GBX 380.30. The company has a quick ratio of 0.53, a current ratio of 0.56 and a debt-to-equity ratio of 107.33. The stock has a 50 day moving average price of GBX 338.68 and a 200 day moving average price of GBX 331.31.

Insider Activity

In other news, insider Simon Roberts sold 346,154 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of GBX 333, for a total transaction of £1,152,692.82. Company 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.