Royal Bank Of Canada Increases J Sainsbury (LON:SBRY) Price Target to GBX 305

J Sainsbury (LON:SBRY - Get Free Report) had its price objective upped by research analysts at Royal Bank Of Canada from GBX 300 ($4.10) to GBX 305 ($4.16) in a report issued on Friday,Digital Look reports. The firm currently has an "outperform" rating on the grocer's stock. Royal Bank Of Canada's price objective indicates a potential upside of 8.38% from the company's current price.

Separately, Shore Capital reissued a "house stock" rating on shares of J Sainsbury in a research note on Tuesday.

J Sainsbury Stock Performance

LON:SBRY opened at GBX 281.41 ($3.84) on Friday. 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 stock's fifty day moving average is GBX 280.26 and its 200 day moving average is GBX 263.33. The firm has a market capitalization of £6.49 billion, a PE ratio of 47.46, a PEG ratio of 0.42 and a beta of 0.67. J Sainsbury has a fifty-two week low of GBX 223.40 ($3.05) and a fifty-two week high of GBX 301.40 ($4.11).

J Sainsbury (LON:SBRY - Get Free Report) last announced its earnings results on Thursday, April 17th. The grocer reported GBX 23.10 ($0.32) earnings per share for the quarter. J Sainsbury had a net margin of 0.42% and a return on equity of 1.94%. On average, sell-side analysts anticipate that J Sainsbury will post 25.7241977 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Simon Roberts sold 468,427 shares of the firm's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of GBX 277 ($3.78), for a total value of £1,297,542.79 ($1,771,389.47). Also, insider Bl á thnaid Bergin sold 41,221 shares of the business's stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of GBX 260 ($3.55), for a total transaction of £107,174.60 ($146,313.45). Company insiders own 5.40% of the company's stock.

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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