J Sainsbury plc (LON:SBRY) Stock Has Consensus Price Target of GBX 355.17

Shares of J Sainsbury plc (LON:SBRY) have been given a consensus rating of “Moderate Buy” by the six research firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is GBX 360.17.

A number of brokerages have commented on SBRY. Shore Capital Group restated a “house stock” rating on shares of J Sainsbury in a research report on Friday, July 31st. UBS Group reiterated a “buy” rating and issued a GBX 395 target price on shares of J Sainsbury in a report on Friday, June 26th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 390 price target on shares of J Sainsbury in a research report on Tuesday. Citigroup boosted their price objective 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. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 375 price objective on shares of J Sainsbury in a research note on Thursday, July 2nd.

Insider Transactions at J Sainsbury

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

J Sainsbury Stock Performance

Shares of LON SBRY opened at GBX 332.40 on Friday. 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 stock has a market capitalization of £7.24 billion, a price-to-earnings ratio of 19.67, a PEG ratio of 0.42 and a beta of 1.00. The stock’s fifty day simple moving average is GBX 337.59 and its 200 day simple moving average is GBX 331.21. J Sainsbury has a 52-week low of GBX 293.70 and a 52-week high of GBX 380.30.

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.