J Sainsbury plc (LON:SBRY) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• J Sainsbury has a “Moderate Buy” consensus rating from six analysts, with four buy ratings and two holds. The average 12-month price target is GBX 355.17.
• Recent broker targets range from GBX 310 to GBX 395, including upgraded targets from Citigroup and a reaffirmed buy rating from UBS.
• The stock opened at GBX 343.80 and was down 0.3%, with a market capitalization of approximately £7.50 billion.

J Sainsbury plc (LON:SBRY - Get Free Report) has been given an average recommendation of "Moderate Buy" by the six ratings firms that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is GBX 355.17.

Several analysts have commented on the stock. Citigroup raised their target price 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. UBS Group reissued a "buy" rating and set a GBX 395 price objective on shares of J Sainsbury in a research report on Friday, June 26th. Shore Capital Group restated a "house stock" rating on shares of J Sainsbury in a report on Friday, July 31st. Jefferies Financial Group restated a "hold" rating and set a GBX 310 price objective on shares of J Sainsbury in a report on Wednesday, July 1st. Finally, Royal Bank Of Canada reaffirmed 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 0.3%

LON:SBRY opened at GBX 343.80 on Friday. J Sainsbury has a fifty-two week low of GBX 292.27 and a fifty-two week high of GBX 380.30. The company has a debt-to-equity ratio of 107.33, a current ratio of 0.56 and a quick ratio of 0.53. The stock has a market capitalization of £7.50 billion, a PE ratio of 20.34, a price-to-earnings-growth ratio of 0.42 and a beta of 1.01. The business's 50-day simple moving average is GBX 334.33 and its 200-day simple moving average is GBX 333.18.

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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