J Sainsbury plc (LON:SBRY) Stock Has Consensus Target Price of GBX 355.17 According to Brokerages

Key Points

• J Sainsbury has a “Moderate Buy” consensus rating from six analysts: four recommend buying the shares, while two rate them as a hold. The average 12-month price target is GBX 355.17, above the reported GBX 323.30 opening price.
• Recent analyst targets range from GBX 310 at Jefferies to GBX 395 at UBS, with RBC assigning an “outperform” rating and a GBX 375 target.
• The stock has declined 0.8% and trades below its 50-day moving average of GBX 339.82, while insider Simon Roberts sold 346,154 shares for approximately £1.15 million.

Shares of J Sainsbury plc (LON:SBRY - Get Free Report) have received a consensus rating of "Moderate Buy" from the six ratings firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 355.17.

A number of analysts have recently weighed in on SBRY shares. Jefferies Financial Group restated a "hold" rating and issued a GBX 310 target price on shares of J Sainsbury in a research note on Wednesday, July 1st. Citigroup upped their price target 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. UBS Group reissued a "buy" rating and set a GBX 395 price objective on shares of J Sainsbury in a report on Friday, June 26th. Shore Capital Group restated a "house stock" rating on shares of J Sainsbury in a research report on Friday, July 31st. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a GBX 375 price objective on shares of J Sainsbury in a research report on Thursday, July 2nd.

J Sainsbury Trading Down 0.8%

SBRY stock opened at GBX 323.30 on Friday. The business has a fifty day moving average price of GBX 339.82 and a 200 day moving average price of GBX 331.82. The company has a debt-to-equity ratio of 107.33, a current ratio of 0.56 and a quick ratio of 0.53. J Sainsbury has a fifty-two week low of GBX 293.70 and a fifty-two week high of GBX 380.30. The stock has a market capitalization of £7.04 billion, a price-to-earnings ratio of 19.13, a P/E/G ratio of 0.42 and a beta of 1.00.

Insider Activity at J Sainsbury

In other news, insider Simon Roberts sold 346,154 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of GBX 333, for a total transaction of £1,152,692.82. 0.44% of the stock is owned by company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.