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

J Sainsbury (LON:SBRY - Free Report) had its price objective lifted by Royal Bank Of Canada from GBX 300 ($4.08) to GBX 305 ($4.15) in a research report report published on Friday morning, Marketbeat reports. The firm currently has an outperform rating on the grocer's stock.

Separately, Shore Capital reissued a "house stock" rating on shares of J Sainsbury in a research report on Tuesday, July 1st.

J Sainsbury Trading Up 0.4%

Shares of LON SBRY traded up GBX 1.20 ($0.02) during trading on Friday, hitting GBX 285 ($3.88). 3,777,862 shares of the company were exchanged, compared to its average volume of 18,225,229. The company has a debt-to-equity ratio of 95.36, a quick ratio of 0.53 and a current ratio of 0.66. J Sainsbury has a 12-month low of GBX 223.40 ($3.04) and a 12-month high of GBX 301.40 ($4.10). The company has a fifty day moving average price of GBX 280.69 and a 200-day moving average price of GBX 263.24. The firm has a market capitalization of £6.58 billion, a PE ratio of 48.07, a P/E/G ratio of 0.42 and a beta of 0.67.

J Sainsbury (LON:SBRY - Get Free Report) last posted its earnings results on Thursday, April 17th. The grocer reported GBX 23.10 ($0.31) earnings per share for the quarter. J Sainsbury had a net margin of 0.42% and a return on equity of 1.94%. As a group, equities research analysts expect that J Sainsbury will post 25.7241977 EPS for the current year.

Insider Buying and Selling at J Sainsbury

In other news, insider Simon Roberts sold 468,427 shares of the business's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of GBX 277 ($3.77), for a total value of £1,297,542.79 ($1,766,085.19). Also, insider Bl á thnaid Bergin sold 41,221 shares of the stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of GBX 260 ($3.54), for a total value of £107,174.60 ($145,875.32). 5.40% 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.