J Sainsbury (LON:SBRY) Earns “Buy” Rating from Deutsche Bank Aktiengesellschaft

J Sainsbury (LON:SBRY)‘s stock had its “buy” rating reiterated by equities research analysts at Deutsche Bank Aktiengesellschaft in a research report issued on Tuesday, Digital Look reports. They currently have a GBX 390 target price on the grocer’s stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 19.05% from the stock’s previous close.

Several other equities analysts have also weighed in on SBRY. Citigroup lifted their target price on shares of J Sainsbury from GBX 330 to GBX 346 and gave the company a “neutral” rating in a report on Friday, August 7th. Shore Capital Group reissued a “house stock” rating on shares of J Sainsbury in a report on Friday, July 31st. Jefferies Financial Group restated a “hold” rating and set a GBX 310 price target on shares of J Sainsbury in a research report on Wednesday, July 1st. UBS Group reaffirmed a “buy” rating and issued a GBX 395 price objective on shares of J Sainsbury in a report on Friday, June 26th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 375 price objective on shares of J Sainsbury in a research report on Thursday, July 2nd. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 360.17.

J Sainsbury Stock Up 1.8%

Shares of SBRY opened at GBX 327.60 on Tuesday. J Sainsbury has a 52 week low of GBX 293.70 and a 52 week high of GBX 380.30. The company has a quick ratio of 0.53, a current ratio of 0.56 and a debt-to-equity ratio of 107.33. The company has a market capitalization of £7.14 billion, a price-to-earnings ratio of 19.38, a PEG ratio of 0.42 and a beta of 1.00. The stock’s 50-day moving average price is GBX 338.06 and its 200-day moving average price is GBX 331.21.

Insiders Place Their Bets

In other J Sainsbury news, insider Simon Roberts sold 346,154 shares of the company’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of GBX 333, for a total transaction of £1,152,692.82. Corporate insiders own 0.47% 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.