J Sainsbury (LON:SBRY) Price Target Lowered to GBX 345 at JPMorgan Chase & Co.

J Sainsbury (LON:SBRY) had its price objective dropped by equities research analysts at JPMorgan Chase & Co. from GBX 350 to GBX 345 in a research report issued on Monday, Marketbeat reports. The firm currently has an “overweight” rating on the grocer’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 11.18% from the stock’s previous close.

A number of other research analysts have also issued reports on SBRY. Citigroup decreased their target price on J Sainsbury from GBX 338 to GBX 333 and set a “neutral” rating for the company in a report on Monday, November 10th. Shore Capital reiterated a “house stock” rating on shares of J Sainsbury in a research note on Thursday, November 6th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 336.67.

J Sainsbury Stock Down 0.4%

Shares of SBRY stock traded down GBX 1.29 during trading on Monday, reaching GBX 310.32. The company’s stock had a trading volume of 5,989,628 shares, compared to its average volume of 44,265,938. The company has a debt-to-equity ratio of 95.36, a current ratio of 0.66 and a quick ratio of 0.53. The company has a market capitalization of £6.93 billion, a price-to-earnings ratio of 22.01, a P/E/G ratio of 0.42 and a beta of 0.67. The stock’s 50-day moving average price is GBX 325.03 and its 200 day moving average price is GBX 315.72. J Sainsbury has a 1-year low of GBX 223.40 and a 1-year high of GBX 360.40.

J Sainsbury (LON:SBRY) last released its earnings results on Thursday, November 6th. The grocer reported GBX 10.30 earnings per share (EPS) for the quarter. J Sainsbury had a net margin of 0.42% and a return on equity of 1.94%. On average, research analysts anticipate that J Sainsbury will post 25.7241977 EPS for the current year.

Insider Transactions at J Sainsbury

In other news, insider Katie Bickerstaffe bought 2,889 shares of J Sainsbury stock in a transaction dated Monday, November 10th. The stock was acquired at an average cost of GBX 344 per share, with a total value of £9,938.16. Also, insider Bl á thnaid Bergin sold 225,000 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of GBX 320, for a total value of £720,000. 0.41% of the stock is currently owned by 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. Our purpose is that driven by our passion for food, together we serve and help every customer.

Our focus on great value food and convenient shopping, whether in-store or online is supported by our brands – Argos, Habitat, Tu, Nectar and Sainsbury’s Bank.