Jefferies Financial Group Reiterates “Hold” Rating for J Sainsbury (LON:SBRY)

J Sainsbury (LON:SBRY)‘s stock had its “hold” rating reiterated by analysts at Jefferies Financial Group in a note issued to investors on Tuesday, Marketbeat reports. They currently have a GBX 310 target price on the grocer’s stock. Jefferies Financial Group’s price objective points to a potential downside of 7.85% from the stock’s current price.

SBRY has been the topic of a number of other reports. JPMorgan Chase & Co. reduced their target price on shares of J Sainsbury from GBX 350 to GBX 345 and set an “overweight” rating on the stock in a report on Monday, January 12th. Citigroup dropped their price target on J Sainsbury from GBX 366 to GBX 360 and set a “buy” rating for the company in a research report on Monday, January 12th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 330.

J Sainsbury Price Performance

J Sainsbury stock remained flat at GBX 336.40 during mid-day trading on Tuesday. 2,810,604 shares of the company were exchanged, compared to its average volume of 41,964,215. J Sainsbury has a 52 week low of GBX 223.40 and a 52 week high of GBX 361.80. The company has a debt-to-equity ratio of 102.27, a quick ratio of 0.53 and a current ratio of 0.62. The firm’s 50-day moving average price is GBX 332.60 and its 200 day moving average price is GBX 327.31. The stock has a market capitalization of £7.49 billion, a P/E ratio of 23.86, a price-to-earnings-growth ratio of 0.42 and a beta of 1.18.

Insiders Place Their Bets

In other news, insider Simon Roberts sold 30,340 shares of the firm’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of GBX 308, for a total value of £93,447.20. Also, insider Katie Bickerstaffe purchased 5,534 shares of the company’s stock in a transaction that occurred on Wednesday, January 14th. The shares were purchased at an average cost of GBX 309 per share, with a total value of £17,100.06. Insiders own 0.42% of the company’s stock.

About J Sainsbury

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.