Insider Selling: J Sainsbury (LON:SBRY) Insider Sells £1,152,692.82 in Stock

Key Points

• Insider sale: J Sainsbury insider Simon Roberts sold 346,154 shares at an average price of GBX 333, generating approximately £1.15 million.
• Share performance: Sainsbury shares opened at GBX 330.61, within a 52-week range of GBX 292.27 to GBX 380.30. The company has a market capitalization of approximately £7.21 billion and a P/E ratio of 19.56.
• Analyst outlook: Analysts maintain a “Moderate Buy” consensus, with four Buy ratings and two Holds and an average price target of GBX 355.17.

J Sainsbury plc (LON:SBRY - Get Free Report) insider Simon Roberts sold 346,154 shares of the company's 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.

J Sainsbury Price Performance

Shares of LON SBRY opened at GBX 330.61 on Thursday. J Sainsbury plc has a 1-year low of GBX 292.27 and a 1-year high of GBX 380.30. The company has a current ratio of 0.56, a quick ratio of 0.53 and a debt-to-equity ratio of 107.33. The firm has a market cap of £7.21 billion, a P/E ratio of 19.56, a price-to-earnings-growth ratio of 0.42 and a beta of 1.01. The business's 50 day moving average is GBX 336.01 and its 200-day moving average is GBX 333.64.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Royal Bank Of Canada reissued an "outperform" rating and set a GBX 375 target price on shares of J Sainsbury in a research note on Thursday, July 2nd. 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 report on Friday, August 7th. Shore Capital Group reiterated a "house stock" rating on shares of J Sainsbury in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a GBX 360 target price on shares of J Sainsbury in a research note on Monday, August 3rd. Finally, Jefferies Financial Group reaffirmed a "hold" rating and issued a GBX 310 price objective on shares of J Sainsbury in a research report on Wednesday, July 1st. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of GBX 355.17.

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.

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