J Sainsbury's (SBRY) Buy Rating Reiterated at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank reaffirmed its “buy” rating on J Sainsbury and maintained a GBX 390 price target, implying 19.49% potential upside from the prior close.
• Analyst sentiment is broadly positive, with four Buy ratings and two Hold ratings; the consensus rating is “Moderate Buy” with an average price target of GBX 360.17.
• J Sainsbury shares rose 1.1% to open at GBX 326.40, while insider Simon Roberts sold 346,154 shares for approximately £1.15 million.

J Sainsbury (LON:SBRY - Get Free Report)'s stock had its "buy" rating reaffirmed by stock analysts at Deutsche Bank Aktiengesellschaft in a research report issued on Tuesday, Digital Look reports. They currently have a GBX 390 price objective on the grocer's stock. Deutsche Bank Aktiengesellschaft's price objective would suggest a potential upside of 19.49% from the company's previous close.

Other equities analysts have also issued reports about the company. Citigroup upped their target price on J Sainsbury from GBX 330 to GBX 346 and gave the company a "neutral" rating in a research note on Friday, August 7th. Shore Capital Group restated a "house stock" rating on shares of J Sainsbury in a report on Friday, July 31st. Jefferies Financial Group reaffirmed a "hold" rating and set a GBX 310 price objective on shares of J Sainsbury in a research note on Wednesday, July 1st. Royal Bank Of Canada reiterated 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 target price on shares of J Sainsbury in a research report on Friday, June 26th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of GBX 360.17.

J Sainsbury Trading Up 1.1%

Shares of J Sainsbury stock opened at GBX 326.40 on Tuesday. J Sainsbury has a fifty-two week low of GBX 293.70 and a fifty-two week high of GBX 380.30. The business's fifty day moving average is GBX 339.32 and its two-hundred day moving average is GBX 331.49. The company has a quick ratio of 0.53, a current ratio of 0.56 and a debt-to-equity ratio of 107.33. The firm has a market cap of £7.11 billion, a PE ratio of 19.31, a P/E/G ratio of 0.42 and a beta of 1.00.

Insider Buying and Selling at J Sainsbury

In other 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. 0.44% of the stock is 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.

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