JPMorgan Chase & Co. Cuts J Sainsbury (LON:SBRY) Price Target to GBX 345

J Sainsbury (LON:SBRY) had its target price trimmed by JPMorgan Chase & Co. from GBX 350 to GBX 345 in a research note published on Monday, Marketbeat.com reports. The firm currently has an overweight rating on the grocer’s stock.

Several other equities research analysts have also weighed in on SBRY. Shore Capital reiterated a “house stock” rating on shares of J Sainsbury in a research note on Thursday, November 6th. Citigroup dropped their price target on J Sainsbury from GBX 338 to GBX 333 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of GBX 336.67.

J Sainsbury Price Performance

Shares of SBRY opened at GBX 309.80 on Monday. J Sainsbury has a 52 week low of GBX 223.40 and a 52 week high of GBX 360.40. The company has a current ratio of 0.66, a quick ratio of 0.53 and a debt-to-equity ratio of 95.36. The firm has a market cap of £6.91 billion, a price-to-earnings ratio of 21.97, a PEG ratio of 0.42 and a beta of 0.67. The stock has a 50 day moving average of GBX 323.49 and a 200-day moving average of GBX 315.99.

J Sainsbury (LON:SBRY) last announced its quarterly earnings data 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%. As a group, analysts forecast that J Sainsbury will post 25.7241977 EPS for the current year.

Insider Activity at J Sainsbury

In other J Sainsbury news, insider Katie Bickerstaffe bought 5,534 shares of the business’s stock in a transaction on Wednesday, January 14th. The shares were purchased at an average price of GBX 309 per share, with a total value of £17,100.06. Also, insider Simon Roberts sold 30,340 shares of the stock in a transaction on Monday, January 12th. The stock was sold at an average price of GBX 308, for a total value of £93,447.20. 0.41% of the stock is 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.