J Sainsbury’s (SBRY) Buy Rating Reaffirmed at Deutsche Bank Aktiengesellschaft

J Sainsbury (LON:SBRY)‘s stock had its “buy” rating reissued by stock analysts at Deutsche Bank Aktiengesellschaft in a research note issued on Tuesday, Digital Look reports. They currently have a GBX 390 price target on the grocer’s stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 15.28% from the stock’s current price.

A number of other analysts also recently issued reports on the company. Citigroup raised their target price on 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 restated a “hold” rating and issued a GBX 310 price objective on shares of J Sainsbury in a research note on Wednesday, July 1st. Shore Capital Group reiterated a “house stock” rating on shares of J Sainsbury in a research report on Friday, July 31st. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 375 target price on shares of J Sainsbury in a research note on Thursday, July 2nd. Finally, UBS Group reaffirmed a “buy” rating and issued a GBX 395 price objective on shares of J Sainsbury in a report on Friday, June 26th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 360.17.

J Sainsbury Stock Performance

SBRY stock traded up GBX 2.70 during mid-day trading on Tuesday, hitting GBX 338.30. The company had a trading volume of 21,390,137 shares, compared to its average volume of 22,188,455. The company has a debt-to-equity ratio of 107.33, a quick ratio of 0.53 and a current ratio of 0.56. The firm has a market cap of £7.37 billion, a PE ratio of 20.02, a price-to-earnings-growth ratio of 0.42 and a beta of 1.00. J Sainsbury has a 12 month low of GBX 293.70 and a 12 month high of GBX 380.30. The stock’s fifty day moving average price is GBX 337.12 and its two-hundred day moving average price is GBX 331.27.

Insider Buying and Selling

In other J Sainsbury news, insider Simon Roberts sold 346,154 shares of the company’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of GBX 333, for a total value of £1,152,692.82. 0.47% of the stock is currently 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.