J Sainsbury (LON:SBRY) Stock Rating Reaffirmed by Shore Capital

J Sainsbury (LON:SBRY)‘s stock had its “house stock” rating reissued by stock analysts at Shore Capital in a note issued to investors on Tuesday, Marketbeat Ratings reports.

A number of other research analysts have also recently weighed in on SBRY. Jefferies Financial Group upgraded shares of J Sainsbury to a “buy” rating and set a GBX 300 ($3.79) target price on the stock in a research note on Monday, April 22nd. JPMorgan Chase & Co. restated an “underweight” rating on shares of J Sainsbury in a research note on Friday, June 28th.

J Sainsbury Trading Up 1.7 %

Shares of SBRY stock opened at GBX 254.60 ($3.22) on Tuesday. J Sainsbury has a 1 year low of GBX 243.80 ($3.08) and a 1 year high of GBX 311.16 ($3.94). The firm has a fifty day moving average price of GBX 268.12 and a 200-day moving average price of GBX 269.62. The company has a debt-to-equity ratio of 96.62, a current ratio of 0.66 and a quick ratio of 0.53. The company has a market cap of £6.01 billion, a price-to-earnings ratio of 4,243.33, a PEG ratio of 0.39 and a beta of 0.66.

Insiders Place Their Bets

In other J Sainsbury news, insider Simon Roberts sold 189,648 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of GBX 263 ($3.33), for a total value of £498,774.24 ($630,880.65). Corporate insiders own 5.37% of the company’s stock.

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 and the Republic of Ireland. It operates through three segments: Retail Food, Retail General Merchandise and Clothing, and Financial Services.