Royal Bank Of Canada Increases J Sainsbury (LON:SBRY) Price Target to GBX 305

J Sainsbury (LON:SBRY) had its price target raised by Royal Bank Of Canada from GBX 300 ($4.09) to GBX 305 ($4.16) in a research report report published on Friday, Marketbeat.com reports. The firm currently has an outperform rating on the grocer’s stock.

Separately, Shore Capital reaffirmed a “house stock” rating on shares of J Sainsbury in a research report on Tuesday.

J Sainsbury Trading Up 0.9%

LON:SBRY opened at GBX 283.80 ($3.87) on Friday. The company has a debt-to-equity ratio of 95.36, a quick ratio of 0.53 and a current ratio of 0.66. The firm has a market cap of £6.55 billion, a price-to-earnings ratio of 47.87, a price-to-earnings-growth ratio of 0.42 and a beta of 0.67. J Sainsbury has a 52 week low of GBX 223.40 ($3.05) and a 52 week high of GBX 301.40 ($4.11). The firm has a 50-day moving average price of GBX 280.69 and a two-hundred day moving average price of GBX 263.38.

J Sainsbury (LON:SBRY) last issued its quarterly earnings results on Thursday, April 17th. The grocer reported GBX 23.10 ($0.32) EPS for the quarter. J Sainsbury had a return on equity of 1.94% and a net margin of 0.42%. On average, equities analysts expect that J Sainsbury will post 25.7241977 earnings per share for the current fiscal year.

Insider Activity at J Sainsbury

In other news, insider Bl á thnaid Bergin sold 41,221 shares of the firm’s stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of GBX 260 ($3.55), for a total transaction of £107,174.60 ($146,273.51). Also, insider Simon Roberts sold 468,427 shares of the firm’s stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of GBX 277 ($3.78), for a total value of £1,297,542.79 ($1,770,905.95). Company insiders own 5.40% of the company’s stock.

About J Sainsbury

J Sainsbury plc is one of the UK’s leading food, general merchandise and clothing retailers.

Offering delicious, great quality food at competitive prices has been at the heart of what we do since we opened our first store in 1869. Today, inspiring and delighting our customers with tasty food remains our priority.