Deutsche Bank Aktiengesellschaft Reaffirms Buy Rating for J Sainsbury (LON:SBRY)

J Sainsbury (LON:SBRY)‘s stock had its “buy” rating restated by research analysts at Deutsche Bank Aktiengesellschaft in a research note issued on Friday, Digital Look reports. They currently have a GBX 390 price target on the grocer’s stock. Deutsche Bank Aktiengesellschaft‘s price objective would suggest a potential upside of 10.45% from the company’s previous close.

Several other research analysts also recently issued reports on the stock. Jefferies Financial Group reiterated a “hold” rating and set a GBX 310 price target on shares of J Sainsbury in a report on Wednesday, July 1st. UBS Group reiterated a “buy” rating and issued a GBX 395 price target on shares of J Sainsbury in a report on Friday, June 26th. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 375 target price on shares of J Sainsbury in a research report on Thursday, July 2nd. Citigroup raised their price target on shares of J Sainsbury from GBX 330 to GBX 346 and gave the company a “neutral” rating in a research report on Friday, August 7th. Finally, Shore Capital Group reissued a “house stock” rating on shares of J Sainsbury in a research note on Friday, July 31st. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 360.17.

J Sainsbury Stock Up 1.1%

Shares of LON SBRY traded up GBX 3.90 during midday trading on Friday, reaching GBX 353.10. The company’s stock had a trading volume of 1,384,014,375 shares, compared to its average volume of 31,096,709. The stock has a market capitalization of £7.69 billion, a price-to-earnings ratio of 20.89, a PEG ratio of 0.42 and a beta of 1.00. The company has a current ratio of 0.59, a quick ratio of 0.53 and a debt-to-equity ratio of 115.36. J Sainsbury has a fifty-two week low of GBX 293.70 and a fifty-two week high of GBX 380.30. The stock has a 50 day simple moving average of GBX 337.29 and a 200-day simple moving average of GBX 332.19.

J Sainsbury (LON:SBRY) last posted its quarterly earnings results on Thursday, October 22nd. The grocer reported GBX 9.50 earnings per share for the quarter. J Sainsbury had a return on equity of 6.39% and a net margin of 1.15%. Equities research analysts predict that J Sainsbury will post 25.72 earnings per share for the current year.

Insider Buying and Selling at J Sainsbury

In other J Sainsbury news, insider Katie Bickerstaffe acquired 5,732 shares of the stock in a transaction dated Thursday, October 22nd. The stock was purchased at an average cost of GBX 347 per share, for a total transaction of £19,890.04. Also, insider Simon Roberts sold 346,154 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of GBX 333, for a total value of £1,152,692.82. 0.47% of the stock is currently owned by 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. 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.