J Sainsbury’s (SBRY) “Buy” Rating Reiterated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reiterated their buy rating on shares of J Sainsbury (LON:SBRY) in a report issued on Tuesday,Digital Look reports. They currently have a GBX 390 price objective on the grocer’s stock.

SBRY has been the subject of a number of other research reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 375 price target on shares of J Sainsbury in a report on Thursday, July 2nd. Jefferies Financial Group reissued a “hold” rating and issued a GBX 310 price objective on shares of J Sainsbury in a research note on Wednesday, July 1st. 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. Shore Capital Group restated a “house stock” rating on shares of J Sainsbury in a research note on Friday, July 31st. Finally, UBS Group reaffirmed a “buy” rating and issued a GBX 395 target price on shares of J Sainsbury in a report on Friday, June 26th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 360.17.

J Sainsbury Trading Up 1.5%

SBRY opened at GBX 332.40 on Tuesday. The stock has a market capitalization of £7.24 billion, a price-to-earnings ratio of 19.67, a P/E/G ratio of 0.42 and a beta of 1.00. The company has a quick ratio of 0.53, a current ratio of 0.56 and a debt-to-equity ratio of 107.33. J Sainsbury has a twelve month low of GBX 293.70 and a twelve month high of GBX 380.30. The company has a 50-day simple moving average of GBX 337.59 and a 200 day simple moving average of GBX 331.21.

Insiders Place Their Bets

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