J Sainsbury (LON:SBRY) Price Target Lowered to GBX 310 at Jefferies Financial Group

J Sainsbury (LON:SBRY) had its price target dropped by investment analysts at Jefferies Financial Group from GBX 330 to GBX 310 in a report released on Friday,London Stock Exchange reports. The brokerage currently has a “hold” rating on the grocer’s stock. Jefferies Financial Group’s target price would indicate a potential downside of 1.49% from the company’s previous close.

Other equities analysts have also issued reports about the company. Citigroup reduced their price objective on J Sainsbury from GBX 366 to GBX 360 and set a “buy” rating on the stock in a research report on Monday. JPMorgan Chase & Co. reduced their price target on shares of J Sainsbury from GBX 350 to GBX 345 and set an “overweight” rating on the stock in a research report on Monday. Finally, Shore Capital restated a “house stock” rating on shares of J Sainsbury in a report on Thursday, November 6th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 330.

J Sainsbury Price Performance

SBRY stock traded down GBX 1.30 during midday trading on Friday, reaching GBX 314.70. The company had a trading volume of 208,629,641 shares, compared to its average volume of 50,046,793. The firm has a 50-day moving average price of GBX 322.69 and a 200-day moving average price of GBX 315.99. The company has a market capitalization of £7.02 billion, a P/E ratio of 22.32, a P/E/G ratio of 0.42 and a beta of 0.67. J Sainsbury has a 1 year low of GBX 223.40 and a 1 year high of GBX 360.40. The company has a debt-to-equity ratio of 95.36, a current ratio of 0.66 and a quick ratio of 0.53.

J Sainsbury (LON:SBRY) last posted its quarterly earnings data on Thursday, November 6th. The grocer reported GBX 10.30 earnings per share for the quarter. J Sainsbury had a net margin of 0.42% and a return on equity of 1.94%. On average, research analysts anticipate that J Sainsbury will post 25.7241977 earnings per share for the current fiscal year.

Insider Transactions at J Sainsbury

In other J Sainsbury news, insider Bl á thnaid Bergin sold 225,000 shares of the firm’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of GBX 320, for a total value of £720,000. Also, insider Simon Roberts sold 30,340 shares of the business’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of GBX 308, for a total transaction of £93,447.20. Company insiders own 0.41% 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.