J Sainsbury’s (SBRY) Buy Rating Reaffirmed at 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, Digital Look reports. They currently have a GBX 390 price target on the grocer’s stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 14.10% from the company’s previous close.

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

J Sainsbury Stock Up 2.8%

J Sainsbury stock opened at GBX 341.80 on Tuesday. The company has a market capitalization of £7.45 billion, a P/E ratio of 20.22, a P/E/G ratio of 0.42 and a beta of 1.00. The firm’s fifty day simple moving average is GBX 337.59 and its 200-day simple moving average is GBX 331.21. The company has a current ratio of 0.56, a quick ratio of 0.53 and a debt-to-equity ratio of 107.33. J Sainsbury has a 1-year low of GBX 293.70 and a 1-year high of GBX 380.30.

Insiders Place Their Bets

In related news, insider Simon Roberts sold 346,154 shares of the business’s stock in a transaction dated 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 company 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.