J Sainsbury (LON:SBRY) Stock Rating Reaffirmed as “Buy” by Deutsche Bank Aktiengesellschaft

J Sainsbury (LON:SBRY)‘s stock had its “buy” rating reissued by stock analysts at Deutsche Bank Aktiengesellschaft in a research report issued to clients and investors on Tuesday, October 6th, Digital Look reports. They presently have a GBX 390 price target on the grocer’s stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 14.64% from the stock’s previous close.

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

J Sainsbury Stock Up 0.6%

Shares of SBRY traded up GBX 1.90 during midday trading on Tuesday, reaching GBX 340.20. 7,224,700 shares of the stock were exchanged, compared to its average volume of 22,027,988. J Sainsbury has a 52 week low of GBX 293.70 and a 52 week high of GBX 380.30. The company has a current ratio of 0.56, a quick ratio of 0.53 and a debt-to-equity ratio of 107.33. The company’s 50 day moving average is GBX 336.74 and its two-hundred day moving average is GBX 331.35. The company has a market capitalization of £7.41 billion, a P/E ratio of 20.13, a PEG ratio of 0.42 and a beta of 1.00.

Insiders Place Their Bets

In other J Sainsbury news, insider Simon Roberts sold 346,154 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of GBX 333, for a total transaction of £1,152,692.82. 0.47% of the stock is currently owned by corporate insiders.

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.