J Sainsbury (LON:SBRY) Given New GBX 350 Price Target at JPMorgan Chase & Co.

J Sainsbury (LON:SBRY) had its price target cut by JPMorgan Chase & Co. from GBX 355 to GBX 350 in a research note published on Friday, Marketbeat reports. They currently have an overweight rating on the grocer’s stock.

A number of other research analysts have also weighed in on SBRY. Citigroup decreased their target price on J Sainsbury from GBX 338 to GBX 333 and set a “neutral” rating on the stock in a report on Monday, November 10th. Shore Capital reiterated a “house stock” rating on shares of J Sainsbury in a report on Thursday, November 6th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of GBX 329.33.

J Sainsbury Trading Up 0.3%

Shares of LON:SBRY opened at GBX 312 on Friday. J Sainsbury has a 52-week low of GBX 223.40 and a 52-week high of GBX 360.40. 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 £7.00 billion, a P/E ratio of 22.13, a price-to-earnings-growth ratio of 0.42 and a beta of 0.67. The company has a 50-day simple moving average of GBX 332.42 and a 200 day simple moving average of GBX 308.73.

J Sainsbury (LON:SBRY) last announced its quarterly earnings results on Thursday, November 6th. The grocer reported GBX 10.30 earnings per share for the quarter. J Sainsbury had a return on equity of 1.94% and a net margin of 0.42%. Sell-side analysts forecast that J Sainsbury will post 25.7241977 earnings per share for the current year.

Insider Activity at J Sainsbury

In other news, insider Katie Bickerstaffe purchased 2,889 shares of J Sainsbury stock in a transaction that occurred on Monday, November 10th. The stock was acquired at an average cost of GBX 344 per share, for a total transaction of £9,938.16. Also, insider Bl á thnaid Bergin sold 225,000 shares of the company’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of GBX 320, for a total value of £720,000. Company insiders own 0.41% 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.