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

J Sainsbury (LON:SBRY)‘s stock had its “buy” rating reaffirmed by equities researchers at Deutsche Bank Aktiengesellschaft in a research note issued on Friday, Digital Look reports. They presently have a GBX 390 price target on the grocer’s stock. Deutsche Bank Aktiengesellschaft‘s price target suggests a potential upside of 10.73% from the company’s previous close.

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

J Sainsbury Stock Up 0.9%

J Sainsbury stock traded up GBX 3 during mid-day trading on Friday, reaching GBX 352.20. 52,722,000 shares of the company were exchanged, compared to its average volume of 24,665,344. The business has a fifty day moving average of GBX 337.29 and a 200 day moving average of GBX 332.19. The company has a debt-to-equity ratio of 115.36, a quick ratio of 0.53 and a current ratio of 0.59. The firm has a market cap of £7.67 billion, a P/E ratio of 20.84, a PEG ratio of 0.42 and a beta of 1.00. J Sainsbury has a 12-month low of GBX 293.70 and a 12-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 (EPS) for the quarter. J Sainsbury had a return on equity of 6.39% and a net margin of 1.15%. Research analysts anticipate that J Sainsbury will post 25.72 earnings per share for the current fiscal year.

Insider Activity

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