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

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

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

J Sainsbury Stock Up 1.1%

Shares of LON SBRY traded up GBX 3.90 during mid-day trading on Friday, reaching GBX 353.10. 1,384,014,375 shares of the company’s stock were exchanged, compared to its average volume of 31,096,709. The company has a current ratio of 0.59, a quick ratio of 0.53 and a debt-to-equity ratio of 115.36. The firm 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 business has a fifty day simple moving average of GBX 337.29 and a 200 day simple moving average of GBX 332.19. J Sainsbury has a twelve month low of GBX 293.70 and a twelve month high of GBX 380.30.

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

Insider Buying and Selling

In other J Sainsbury news, insider Katie Bickerstaffe purchased 5,732 shares of the company’s stock in a transaction dated Thursday, October 22nd. The stock was bought 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 business’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of GBX 333, for a total value of £1,152,692.82. Corporate insiders own 0.47% 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. 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.