J Sainsbury's (SBRY) House Stock Rating Reiterated at Shore Capital

Key Points

• Shore Capital has reiterated its "house stock" rating for **J Sainsbury** (SBRY), indicating confidence in the company's performance.
• Royal Bank of Canada has raised its target price for J Sainsbury shares from GBX 300 to GBX 305, assigning an **"outperform" rating**
• The stock experienced a **1.4% increase** and currently trades at GBX 326, with a market capitalization of **£7.34 billion**.

J Sainsbury (LON:SBRY - Get Free Report)'s stock had its "house stock" rating restated by stock analysts at Shore Capital in a research note issued to investors on Tuesday,Digital Look reports.

Separately, Royal Bank Of Canada increased their target price on shares of J Sainsbury from GBX 300 to GBX 305 and gave the company an "outperform" rating in a research note on Friday, July 4th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of GBX 305.

J Sainsbury Stock Up 1.4%

SBRY opened at GBX 326 on Tuesday. The company has a debt-to-equity ratio of 95.36, a quick ratio of 0.53 and a current ratio of 0.66. The company has a market capitalization of £7.34 billion, a PE ratio of 3,196.08, a P/E/G ratio of 0.42 and a beta of 0.67. The stock's fifty day moving average is GBX 302.68 and its 200-day moving average is GBX 278.75. J Sainsbury has a one year low of GBX 223.40 and a one year high of GBX 333.80.

Insider Activity at J Sainsbury

In other news, insider Simon Roberts sold 578,500 shares of J Sainsbury stock in a transaction on Thursday, July 10th. The stock was sold at an average price of GBX 284, for a total transaction of £1,642,940. 0.42% of the stock is currently owned by company insiders.

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.

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