J Sainsbury (LON:SBRY) Stock Rating Reaffirmed as “Buy” by Deutsche Bank Aktiengesellschaft

J Sainsbury (LON:SBRY)‘s stock had its “buy” rating restated by stock analysts at Deutsche Bank Aktiengesellschaft in a report released on Tuesday, Digital Look reports. They currently have a GBX 390 price objective on the grocer’s stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 17.33% from the stock’s previous close.

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

J Sainsbury Stock Performance

SBRY stock opened at GBX 332.40 on Tuesday. The firm has a 50 day moving average of GBX 337.59 and a two-hundred day moving average of GBX 331.21. J Sainsbury has a 12 month low of GBX 293.70 and a 12 month high of GBX 380.30. The company 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.

Insiders Place Their Bets

In other J Sainsbury news, insider Simon Roberts sold 346,154 shares of the company’s stock in a transaction dated 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 currently owned by corporate 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.