UBS Group reaffirmed their buy rating on shares of J Sainsbury (LON:SBRY) in a research report released on Friday morning, ThisIsMoney.Co.Uk reports.
A number of other brokerages also recently issued reports on SBRY. Jefferies Financial Group upped their price target on J Sainsbury from GBX 200 ($2.61) to GBX 220 ($2.87) and gave the company a hold rating in a report on Tuesday, October 29th. Deutsche Bank reaffirmed a buy rating on shares of J Sainsbury in a report on Friday. Investec upped their price target on J Sainsbury from GBX 265 ($3.46) to GBX 280 ($3.66) and gave the company a buy rating in a report on Wednesday, August 28th. Barclays reaffirmed an overweight rating and issued a GBX 250 ($3.27) price target on shares of J Sainsbury in a report on Thursday, October 31st. Finally, Goldman Sachs Group raised J Sainsbury to a neutral rating and upped their price target for the company from GBX 219 ($2.86) to GBX 220 ($2.87) in a report on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of GBX 227.36 ($2.97).
Shares of J Sainsbury stock traded up GBX 3 ($0.04) on Friday, reaching GBX 204 ($2.67). 6,820,064 shares of the company were exchanged, compared to its average volume of 9,310,000. The stock’s 50 day moving average price is GBX 212.45 and its 200-day moving average price is GBX 205.02. The company has a debt-to-equity ratio of 24.73, a current ratio of 0.67 and a quick ratio of 0.46. The company has a market cap of $4.45 billion and a P/E ratio of 22.92. J Sainsbury has a 1-year low of GBX 177.05 ($2.31) and a 1-year high of GBX 327.20 ($4.28).
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. It operates through four segments: Retail – Food; Retail – General Merchandise and Clothing; Financial Services; and Property Investment.
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