J Sainsbury (LON:SBRY) Price Target Lowered to GBX 360 at Citigroup

J Sainsbury (LON:SBRY) had its price target lowered by Citigroup from GBX 366 to GBX 360 in a note issued to investors on Monday, Marketbeat.com reports. The firm presently has a “buy” rating on the grocer’s stock. Citigroup’s target price would indicate a potential upside of 16.01% from the company’s previous close.

A number of other analysts have also recently issued reports on the stock. JPMorgan Chase & Co. reduced their target price on shares of J Sainsbury from GBX 350 to GBX 345 and set an “overweight” rating for the company in a research note on Monday. Shore Capital restated a “house stock” rating on shares of J Sainsbury in a report on Thursday, November 6th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of GBX 336.67.

J Sainsbury Stock Down 0.4%

LON SBRY traded down GBX 1.29 on Monday, reaching GBX 310.32. The stock had a trading volume of 5,989,628 shares, compared to its average volume of 44,265,938. The company has a current ratio of 0.66, a quick ratio of 0.53 and a debt-to-equity ratio of 95.36. J Sainsbury has a 1 year low of GBX 223.40 and a 1 year high of GBX 360.40. The business has a 50 day moving average price of GBX 325.03 and a 200 day moving average price of GBX 315.72. The company has a market capitalization of £6.93 billion, a price-to-earnings ratio of 22.01, a P/E/G ratio of 0.42 and a beta of 0.67.

J Sainsbury (LON:SBRY) last announced its quarterly earnings results on Thursday, November 6th. The grocer reported GBX 10.30 earnings per share (EPS) for the quarter. J Sainsbury had a return on equity of 1.94% and a net margin of 0.42%. On average, analysts forecast that J Sainsbury will post 25.7241977 EPS for the current fiscal year.

Insider Activity at J Sainsbury

In other news, insider Katie Bickerstaffe acquired 2,889 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The stock was acquired at an average cost of GBX 344 per share, with a total value of £9,938.16. Also, insider Bl á thnaid Bergin sold 225,000 shares of the firm’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of GBX 320, for a total transaction of £720,000. Company insiders own 0.41% of the company’s stock.

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.