J Sainsbury (LON:SBRY) Earns “Buy” Rating from Jefferies Financial Group

J Sainsbury (LON:SBRY)‘s stock had its “buy” rating reissued by investment analysts at Jefferies Financial Group in a research note issued to investors on Tuesday, Marketbeat.com reports. They currently have a GBX 300 ($3.79) price target on the grocer’s stock. Jefferies Financial Group’s price target would suggest a potential upside of 17.83% from the company’s previous close.

A number of other research analysts also recently commented on the stock. Shore Capital reiterated a “house stock” rating on shares of J Sainsbury in a research note on Tuesday. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of J Sainsbury in a research note on Friday, June 28th.

J Sainsbury Trading Up 1.7 %

LON SBRY opened at GBX 254.60 ($3.22) on Tuesday. J Sainsbury has a 12 month low of GBX 243.80 ($3.08) and a 12 month high of GBX 311.16 ($3.94). 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 capitalization of £6.01 billion, a price-to-earnings ratio of 4,243.33, a price-to-earnings-growth ratio of 0.39 and a beta of 0.66. The company’s fifty day moving average price is GBX 268.12 and its two-hundred day moving average price is GBX 269.62.

Insider Transactions at J Sainsbury

In other news, insider Simon Roberts sold 189,648 shares of the firm’s stock in a transaction dated 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). 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.