Shore Capital Reiterates House Stock Rating for J Sainsbury (LON:SBRY)

Key Points

• Shore Capital has reiterated its "house stock" rating for J Sainsbury (LON:SBRY) in a recent research note.
• Royal Bank Of Canada increased its price target for J Sainsbury from GBX 300 to GBX 305 and rated the stock as "outperform."
• Insider Simon Roberts sold 578,500 shares of the company at an average price of GBX 284, equating to a total transaction of £1,642,940.

J Sainsbury (LON:SBRY - Get Free Report)'s stock had its "house stock" rating reiterated by equities researchers at Shore Capital in a research note issued on Monday,Digital Look reports.

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

J Sainsbury Price Performance

Shares of LON:SBRY opened at GBX 322.62 on Monday. The company has a quick ratio of 0.53, a current ratio of 0.66 and a debt-to-equity ratio of 95.36. The company has a market cap of £7.27 billion, a P/E ratio of 3,162.98, a PEG ratio of 0.42 and a beta of 0.67. J Sainsbury has a 52 week low of GBX 223.40 and a 52 week high of GBX 326.80. The company has a 50-day moving average price of GBX 298.03 and a 200 day moving average price of GBX 275.85.

Insider Activity

In related news, insider Simon Roberts sold 578,500 shares of J Sainsbury stock in a transaction that occurred 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 owned by corporate 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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