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

J Sainsbury (LON:SBRY)‘s stock had its “buy” rating reiterated by research analysts at Deutsche Bank Aktiengesellschaft in a report released on Wednesday,Digital Look reports. They presently have a GBX 360 price target on the grocer’s stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 9.76% from the stock’s current price.

SBRY has been the subject of a number of other research reports. Jefferies Financial Group reissued a “hold” rating and issued a GBX 310 price objective on shares of J Sainsbury in a research note on Wednesday. Shore Capital Group reiterated a “house stock” rating on shares of J Sainsbury in a report on Tuesday. UBS Group reiterated a “buy” rating and issued a GBX 395 target price on shares of J Sainsbury in a report on Friday, June 26th. Finally, Citigroup reduced their price target on shares of J Sainsbury from GBX 3,350 to GBX 3,300 and set a “neutral” rating for the company in a research report on Tuesday, June 9th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 835.83.

J Sainsbury Stock Up 2.6%

Shares of SBRY stock traded up GBX 8.20 on Wednesday, reaching GBX 328. 77,950,820 shares of the company were exchanged, compared to its average volume of 24,913,404. 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 company has a 50-day moving average of GBX 313.72 and a 200-day moving average of GBX 327.14. The company has a market cap of £7.28 billion, a price-to-earnings ratio of 19.41, a PEG ratio of 0.42 and a beta of 1.00. J Sainsbury has a one year low of GBX 275.80 and a one year high of GBX 361.80.

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

Insider Activity

In related news, insider Simon Roberts sold 197,186 shares of J Sainsbury stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of GBX 328, for a total transaction of £646,770.08. Also, insider Bl á thnaid Bergin sold 110,092 shares of J Sainsbury stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of GBX 328, for a total value of £361,101.76. Corporate 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.