Credit Suisse Group assumed coverage on shares of J Sainsbury (LON:SBRY) in a research report released on Friday morning, Stock Target Advisor reports. The brokerage issued an outperform rating and a GBX 280 ($3.68) target price on the grocer’s stock.

A number of other research analysts have also commented on SBRY. Goldman Sachs Group raised J Sainsbury to a neutral rating and upped their price objective for the company from GBX 219 ($2.88) to GBX 220 ($2.89) in a report on Tuesday, November 5th. UBS Group reaffirmed a buy rating on shares of J Sainsbury in a report on Thursday, January 9th. Jefferies Financial Group reaffirmed a hold rating on shares of J Sainsbury in a report on Friday, December 13th. Shore Capital reiterated a hold rating on shares of J Sainsbury in a research report on Monday, February 17th. Finally, Berenberg Bank upgraded J Sainsbury to a buy rating and upped their target price for the company from GBX 235 ($3.09) to GBX 250 ($3.29) in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of GBX 240.69 ($3.17).

LON SBRY traded up GBX 1.70 ($0.02) on Friday, reaching GBX 195.75 ($2.57). The stock had a trading volume of 12,010,855 shares, compared to its average volume of 9,310,000. The company has a debt-to-equity ratio of 92.93, a current ratio of 0.65 and a quick ratio of 0.49. The firm has a fifty day moving average of GBX 207.77 and a two-hundred day moving average of GBX 211.12. J Sainsbury has a 1-year low of GBX 177.05 ($2.33) and a 1-year high of £201.30 ($264.80). The company has a market cap of $4.33 billion and a P/E ratio of 108.75.

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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Analyst Recommendations for J Sainsbury (LON:SBRY)

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