J Sainsbury (LON:SBRY) Stock Keeps “Buy” Rating at Deutsche Bank Aktiengesellschaft

J Sainsbury (LON:SBRY)‘s stock had its “buy” rating restated by analysts at Deutsche Bank Aktiengesellschaft in a report released on Tuesday, Digital Look reports. They currently have a GBX 390 price objective on the grocer’s stock. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 21.19% from the company’s previous close.

Other equities analysts have also recently issued reports about the stock. Shore Capital Group reissued a “house stock” rating on shares of J Sainsbury in a research report on Friday, July 31st. Jefferies Financial Group reissued a “hold” rating and issued a GBX 310 price target on shares of J Sainsbury in a report on Wednesday, July 1st. UBS Group reissued a “buy” rating and issued a GBX 395 price target on shares of J Sainsbury in a report on Friday, June 26th. Citigroup raised their price objective on J Sainsbury from GBX 330 to GBX 346 and gave the company a “neutral” rating in a research note on Friday, August 7th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 375 target price on shares of J Sainsbury in a research report on Thursday, July 2nd. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 360.17.

J Sainsbury Stock Performance

Shares of SBRY stock opened at GBX 321.80 on Tuesday. The company’s fifty day simple moving average is GBX 338.68 and its 200-day simple moving average is GBX 331.31. J Sainsbury has a 52 week low of GBX 293.70 and a 52 week high of GBX 380.30. The company has a current ratio of 0.56, a quick ratio of 0.53 and a debt-to-equity ratio of 107.33. The company has a market cap of £7.01 billion, a PE ratio of 19.04, a P/E/G ratio of 0.42 and a beta of 1.00.

Insiders Place Their Bets

In other news, insider Simon Roberts sold 346,154 shares of the company’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 value of £1,152,692.82. 0.44% of the stock is owned by insiders.

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.