J Sainsbury (LON:SBRY) Lifted to Buy at Jefferies Financial Group

J Sainsbury (LON:SBRY) was upgraded by equities researchers at Jefferies Financial Group to a “buy” rating in a report released on Monday, MarketBeat.com reports. The firm presently has a GBX 300 ($3.71) target price on the grocer’s stock. Jefferies Financial Group’s target price suggests a potential upside of 11.52% from the stock’s previous close.

Separately, Shore Capital reaffirmed a “house stock” rating on shares of J Sainsbury in a research report on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, J Sainsbury currently has a consensus rating of “Hold” and a consensus target price of GBX 281.67 ($3.48).

J Sainsbury Stock Performance

Shares of LON SBRY opened at GBX 269 ($3.32) on Monday. The company has a debt-to-equity ratio of 93.13, a quick ratio of 0.53 and a current ratio of 0.72. The business’s 50 day moving average price is GBX 257.69 and its 200-day moving average price is GBX 270.37. J Sainsbury has a fifty-two week low of GBX 243.80 ($3.01) and a fifty-two week high of GBX 311.16 ($3.84). The company has a market cap of £6.40 billion, a price-to-earnings ratio of 8,966.67, a PEG ratio of 1.42 and a beta of 0.66.

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.