Citigroup Issues Positive Forecast for J Sainsbury (LON:SBRY) Stock Price

J Sainsbury (LON:SBRY) had its price objective upped by Citigroup from GBX 330 to GBX 346 in a research note issued to investors on Friday morning, MarketBeat Ratings reports. The brokerage currently has a neutral rating on the grocer’s stock.

Several other equities research analysts have also weighed in on the company. UBS Group reissued a “buy” rating and set a GBX 395 price objective on shares of J Sainsbury in a research note on Friday, June 26th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 360 price target on shares of J Sainsbury in a research report on Monday, August 3rd. Jefferies Financial Group reissued a “hold” rating and issued a GBX 310 price target on shares of J Sainsbury in a research note on Wednesday, July 1st. Shore Capital Group reaffirmed a “house stock” rating on shares of J Sainsbury in a research note on Friday, July 31st. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 375 target price on shares of J Sainsbury in a report on Thursday, July 2nd. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 355.17.

J Sainsbury Trading Down 0.3%

J Sainsbury stock opened at GBX 353.10 on Friday. The company has a debt-to-equity ratio of 107.33, a quick ratio of 0.53 and a current ratio of 0.56. The firm has a market cap of £7.70 billion, a price-to-earnings ratio of 20.89, a price-to-earnings-growth ratio of 0.42 and a beta of 1.00. J Sainsbury has a 1 year low of GBX 292.27 and a 1 year high of GBX 380.30. The firm’s 50 day moving average price is GBX 329.82 and its two-hundred day moving average price is GBX 332.16.

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.