Insider Selling: J Sainsbury (LON:SBRY) Insider Sells 197,186 Shares of Stock

J Sainsbury plc (LON:SBRY) insider Simon Roberts sold 197,186 shares of the business’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of GBX 328, for a total value of £646,770.08.

J Sainsbury Trading Up 0.1%

LON SBRY traded up GBX 0.45 on Wednesday, hitting GBX 327.75. 7,254,991 shares of the company were exchanged, compared to its average volume of 31,019,580. The company’s 50 day moving average price is GBX 344.65 and its 200-day moving average price is GBX 333.76. 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 firm has a market capitalization of £7.32 billion, a P/E ratio of 23.24, a price-to-earnings-growth ratio of 0.42 and a beta of 1.09. J Sainsbury plc has a twelve month low of GBX 259.60 and a twelve month high of GBX 361.80.

J Sainsbury (LON:SBRY) last posted its quarterly earnings data on Thursday, April 23rd. The grocer reported GBX 22.30 earnings per share (EPS) for the quarter. The firm 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 plc will post 25.7241977 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SBRY has been the topic of several research analyst reports. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 310 target price on shares of J Sainsbury in a research note on Friday, April 24th. JPMorgan Chase & Co. lowered their target price on J Sainsbury from GBX 350 to GBX 345 and set an “overweight” rating on the stock in a research note on Monday, January 12th. Shore Capital Group reaffirmed a “house stock” rating on shares of J Sainsbury in a research note on Thursday, April 23rd. Finally, Citigroup cut J Sainsbury to a “neutral” rating and lowered their target price for the company from GBX 377 to GBX 335 in a research note on Tuesday. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 323.75.

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.