J Sainsbury’s (SBRY) Hold Rating Reiterated at Jefferies Financial Group

J Sainsbury (LON:SBRY)‘s stock had its “hold” rating reaffirmed by analysts at Jefferies Financial Group in a research report issued on Wednesday,Digital Look reports. They currently have a GBX 310 price objective on the grocer’s stock. Jefferies Financial Group’s target price would indicate a potential downside of 5.49% from the stock’s current price.

Several other analysts have also issued reports on the company. Citigroup dropped their price objective on J Sainsbury from GBX 3,350 to GBX 3,300 and set a “neutral” rating on the stock in a research note on Tuesday, June 9th. Shore Capital Group reissued a “house stock” rating on shares of J Sainsbury in a report on Tuesday. Finally, UBS Group reissued a “buy” rating and set a GBX 395 target price on shares of J Sainsbury in a report on Friday, June 26th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 835.83.

J Sainsbury Stock Performance

Shares of J Sainsbury stock traded up GBX 8.20 during trading on Wednesday, hitting GBX 328. 77,950,820 shares of the stock were exchanged, compared to its average volume of 24,913,404. 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 has a fifty day moving average price of GBX 313.72 and a 200-day moving average price of GBX 327.14. The stock has a market capitalization of £7.28 billion, a price-to-earnings ratio of 19.41, a price-to-earnings-growth ratio of 0.42 and a beta of 1.00. J Sainsbury has a 1-year low of GBX 275.80 and a 1-year high of GBX 361.80.

J Sainsbury (LON:SBRY) last issued its earnings results on Thursday, April 23rd. The grocer reported GBX 22.30 earnings per share (EPS) for the quarter. J Sainsbury had a net margin of 1.14% and a return on equity of 6.12%. The business had revenue of GBX 3,364.70 billion during the quarter. As a group, equities analysts predict that J Sainsbury will post 25.7241977 EPS for the current fiscal year.

Insider Activity at J Sainsbury

In related news, insider Katie Bickerstaffe acquired 4,297 shares of the business’s stock in a transaction on Friday, April 24th. The stock was purchased at an average cost of GBX 347 per share, for a total transaction of £14,910.59. Also, insider Simon Roberts sold 197,186 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of GBX 328, for a total value of £646,770.08. 0.44% of the stock is owned by company insiders.

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.