J Sainsbury plc (LON:SBRY) Stock Has Average Target Price of GBX 355.17 According to Brokerages

Shares of J Sainsbury plc (LON:SBRY) have been given a consensus recommendation of “Moderate Buy” by the six research firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is GBX 360.17.

Several analysts have recently weighed in on SBRY shares. UBS Group reiterated a “buy” rating and set a GBX 395 target price on shares of J Sainsbury in a research report on Friday, June 26th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 375 price objective on shares of J Sainsbury in a report on Thursday, July 2nd. Shore Capital Group reissued a “house stock” rating on shares of J Sainsbury in a report on Friday, July 31st. Jefferies Financial Group restated a “hold” rating and set a GBX 310 target price 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 390 price objective on shares of J Sainsbury in a research note on Tuesday.

Insider Transactions at J Sainsbury

In other J Sainsbury news, insider Simon Roberts sold 346,154 shares of the business’s stock in a transaction dated 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 corporate insiders.

J Sainsbury Stock Down 0.3%

Shares of SBRY stock opened at GBX 321.80 on Friday. J Sainsbury has a one year low of GBX 293.70 and a one 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 stock has a fifty day moving average price of GBX 338.68 and a 200 day moving average price of GBX 331.31. The stock has a market cap of £7.01 billion, a P/E ratio of 19.04, a price-to-earnings-growth 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.