J Sainsbury (LON:SBRY) PT Raised to GBX 262 at JPMorgan Chase & Co.

J Sainsbury (LON:SBRY) had its target price lifted by analysts at JPMorgan Chase & Co. from GBX 236 ($2.96) to GBX 262 ($3.29) in a research note issued on Wednesday, MarketBeat Ratings reports. The brokerage presently has an “underweight” rating on the grocer’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential downside of 7.16% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on SBRY. Shore Capital reaffirmed a “house stock” rating on shares of J Sainsbury in a report on Friday, April 19th. Jefferies Financial Group raised J Sainsbury to a “buy” rating and set a GBX 300 ($3.77) price objective for the company in a research note on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, J Sainsbury presently has an average rating of “Hold” and an average price target of GBX 285.67 ($3.59).

J Sainsbury Trading Up 1.8 %

Shares of SBRY opened at GBX 282.20 ($3.54) on Wednesday. The company has a debt-to-equity ratio of 96.62, a quick ratio of 0.53 and a current ratio of 0.66. J Sainsbury has a 52-week low of GBX 243.80 ($3.06) and a 52-week high of GBX 311.16 ($3.91). The firm has a market cap of £6.69 billion, a price-to-earnings ratio of 4,703.33, a PEG ratio of 0.37 and a beta of 0.66. The business’s fifty day moving average is GBX 263.46 and its 200-day moving average is GBX 271.84.

Insider Transactions at J Sainsbury

In other J Sainsbury news, insider Simon Roberts sold 189,648 shares of the stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of GBX 263 ($3.30), for a total transaction of £498,774.24 ($626,443.41). 5.28% of the stock is currently owned by corporate insiders.

J Sainsbury Company Profile

J Sainsbury plc, together with its subsidiaries, engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom and the Republic of Ireland. It operates through three segments: Retail Food, Retail General Merchandise and Clothing, and Financial Services.