Deutsche Bank Aktiengesellschaft Reaffirms “Buy” Rating for J Sainsbury (LON:SBRY)

J Sainsbury (LON:SBRY)‘s stock had its “buy” rating reiterated by research analysts at Deutsche Bank Aktiengesellschaft in a report issued on Friday, Digital Look reports. They presently have a GBX 390 price target on the grocer’s stock. Deutsche Bank Aktiengesellschaft‘s price objective suggests a potential upside of 11.65% from the stock’s current price.

SBRY has been the topic of a number of other reports. Shore Capital Group reaffirmed a “house stock” rating on shares of J Sainsbury in a research report on Friday, July 31st. UBS Group reissued a “buy” rating and issued a GBX 395 target price on shares of J Sainsbury in a research report on Friday, June 26th. Citigroup lifted their price objective on shares of J Sainsbury from GBX 330 to GBX 346 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 375 price target on shares of J Sainsbury in a report on Thursday, July 2nd. Finally, 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. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, J Sainsbury presently has an average rating of “Moderate Buy” and an average price target of GBX 360.17.

J Sainsbury Stock Performance

SBRY stock traded down GBX 2.80 during mid-day trading on Friday, reaching GBX 349.30. The company had a trading volume of 640,774,063 shares, compared to its average volume of 24,529,146. The stock has a market capitalization of £7.61 billion, a P/E ratio of 20.67, a P/E/G ratio of 0.42 and a beta of 1.00. The stock’s 50-day simple moving average is GBX 337.18 and its two-hundred day simple moving average is GBX 332.17. J Sainsbury has a one year low of GBX 293.70 and a one year high of GBX 380.30. 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 (LON:SBRY) last announced its earnings results on Thursday, October 22nd. The grocer reported GBX 9.50 earnings per share for the quarter. J Sainsbury had a return on equity of 6.12% and a net margin of 1.14%. Research analysts anticipate that J Sainsbury will post 25.72 EPS for the current year.

Insider Buying and Selling at J Sainsbury

In related news, insider Simon Roberts sold 346,154 shares of the business’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of GBX 333, for a total value of £1,152,692.82. Also, insider Katie Bickerstaffe acquired 5,732 shares of the firm’s stock in a transaction on Thursday, October 22nd. The shares were bought at an average cost of GBX 347 per share, for a total transaction of £19,890.04. Insiders own 0.47% of the company’s stock.

More J Sainsbury News

Here are the key news stories impacting J Sainsbury this week:

• Positive Sentiment: Sainsbury reported first-half earnings growth and raised its profit outlook, suggesting resilient consumer demand and improved trading momentum. Sainsbury’s raises profit outlook after first-half growth
• Positive Sentiment: The company has begun a share-repurchase programme of up to £300 million. Buybacks can support earnings per share and signal management confidence in the company’s valuation. J Sainsbury commences share repurchase
• Positive Sentiment: Deutsche Bank reaffirmed its Buy rating and GBX 390 price target, implying upside from the stock’s recent trading level. Deutsche Bank rating
• Positive Sentiment: Non-executive director Katie Bickerstaffe bought 5,732 shares for approximately £19,890 at an average price of GBX 347. The purchase provides a modest insider-confidence signal. J Sainsbury insider purchase
• Neutral Sentiment: Sainsbury proposed an interim dividend, reinforcing its shareholder-return policy. However, investors may be assessing whether the payout is fully supported by earnings and cash flow. J Sainsbury proposed interim dividend
• Negative Sentiment: The stock’s reaction remains restrained despite the improved outlook, potentially reflecting profit-taking, valuation concerns and the grocery sector’s structurally thin margins. Reported quarterly EPS was GBX 9.50, while net margin was only 1.14%.

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.