Jefferies Financial Group Reaffirms “Buy” Rating for J Sainsbury (LON:SBRY)

J Sainsbury (LON:SBRY)‘s stock had its “buy” rating reissued by stock analysts at Jefferies Financial Group in a research note issued to investors on Wednesday, ThisIsMoney.Co.Uk reports.

A number of other equities research analysts have also issued reports on SBRY. Barclays reiterated an “overweight” rating on shares of J Sainsbury in a report on Monday, April 20th. Berenberg Bank lifted their target price on J Sainsbury from GBX 170 ($2.09) to GBX 175 ($2.15) and gave the company a “sell” rating in a report on Monday, May 4th. JPMorgan Chase & Co. cut their price target on J Sainsbury from GBX 190 ($2.34) to GBX 180 ($2.22) and set an “underweight” rating on the stock in a report on Tuesday, May 19th. UBS Group reiterated a “buy” rating on shares of J Sainsbury in a report on Wednesday, June 24th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of J Sainsbury in a research report on Thursday, April 23rd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of GBX 232.36 ($2.86).

Shares of SBRY opened at GBX 208.70 ($2.57) on Wednesday. The company’s 50-day simple moving average is GBX 193.92 and its 200-day simple moving average is GBX 205.62. The company has a debt-to-equity ratio of 93.40, a quick ratio of 0.45 and a current ratio of 0.63. J Sainsbury has a 1 year low of GBX 171.19 ($2.11) and a 1 year high of £201.30 ($247.72). The stock has a market capitalization of $4.64 billion and a PE ratio of 35.98.

About J Sainsbury

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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Analyst Recommendations for J Sainsbury (LON:SBRY)

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