Citigroup Lowers J Sainsbury (LON:SBRY) Price Target to GBX 3,300

J Sainsbury (LON:SBRY) had its price target dropped by stock analysts at Citigroup from GBX 3,350 to GBX 3,300 in a report issued on Tuesday,London Stock Exchange reports. The firm presently has a “neutral” rating on the grocer’s stock.

Several other research analysts have also recently weighed in on the company. Shore Capital Group restated a “house stock” rating on shares of J Sainsbury in a report on Thursday, April 23rd. Jefferies Financial Group restated a “hold” rating and set a GBX 310 target price on shares of J Sainsbury in a report on Friday, April 24th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,065.

J Sainsbury Trading Up 0.1%

Shares of J Sainsbury stock opened at GBX 302.10 on Tuesday. The stock has a market cap of £6.70 billion, a P/E ratio of 17.88, a P/E/G ratio of 0.42 and a beta of 1.00. The stock’s 50 day simple moving average is GBX 325.55 and its 200-day simple moving average is GBX 328.30. J Sainsbury has a 1-year low of GBX 275.80 and a 1-year high of GBX 361.80. The company has a debt-to-equity ratio of 107.33, a current ratio of 0.56 and a quick ratio of 0.53.

J Sainsbury (LON:SBRY) last issued its earnings results on Thursday, April 23rd. The grocer reported GBX 22.30 earnings per share for the quarter. The business had revenue of GBX 3,364.70 billion for the quarter. J Sainsbury had a return on equity of 6.12% and a net margin of 1.14%. Analysts predict that J Sainsbury will post 25.7241977 EPS for the current fiscal year.

Insider Activity at J Sainsbury

In related news, insider Simon Roberts sold 197,186 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of GBX 328, for a total value of £646,770.08. Also, insider Katie Bickerstaffe acquired 4,297 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The stock was acquired at an average price of GBX 347 per share, for a total transaction of £14,910.59. 0.44% 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.