J Sainsbury (LON:SBRY) Earns “Buy” Rating from Deutsche Bank Aktiengesellschaft

by · The Markets Daily

J Sainsbury (LON:SBRY – Get Free Report)‘s stock had its “buy” rating reiterated by investment analysts at Deutsche Bank Aktiengesellschaft in a research note issued on Friday, Digital Look reports. They presently have a GBX 390 price target on the grocer’s stock. Deutsche Bank Aktiengesellschaft‘s price target would indicate a potential upside of 11.65% from the stock’s current price.

A number of other equities analysts also recently commented on the company. UBS Group restated a “buy” rating and set a GBX 395 target price on shares of J Sainsbury in a report on Friday, June 26th. Citigroup lifted their price target on shares of J Sainsbury from GBX 330 to GBX 346 and gave the company a “neutral” rating in a report on Friday, August 7th. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 375 price target on shares of J Sainsbury in a report on Thursday, July 2nd. Shore Capital Group reissued a “house stock” rating on shares of J Sainsbury in a research report on Friday, July 31st. Finally, Jefferies Financial Group restated a “hold” rating and issued a GBX 310 price objective on shares of J Sainsbury in a report on Wednesday, July 1st. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, J Sainsbury presently has an average rating of “Moderate Buy” and a consensus target price of GBX 360.17.

Check Out Our Latest Report on J Sainsbury

J Sainsbury Trading Up 0.0%

SBRY opened at GBX 349.30 on Friday. J Sainsbury has a one year low of GBX 293.70 and a one year high of GBX 380.30. The company has a debt-to-equity ratio of 115.36, a current ratio of 0.59 and a quick ratio of 0.53. The business has a 50 day simple moving average of GBX 337.29 and a two-hundred day simple moving average of GBX 332.19. The firm has a market capitalization of £7.61 billion, a price-to-earnings ratio of 20.67, a PEG ratio of 0.42 and a beta of 1.00.

J Sainsbury (LON:SBRY – Get Free Report) last issued its quarterly earnings data on Thursday, October 22nd. The grocer reported GBX 9.50 earnings per share for the quarter. J Sainsbury had a return on equity of 6.39% and a net margin of 1.15%. Analysts predict that J Sainsbury will post 25.72 EPS for the current year.

Insiders Place Their Bets

In other J Sainsbury news, insider Katie Bickerstaffe bought 5,732 shares of J Sainsbury stock in a transaction dated Thursday, October 22nd. The shares were purchased at an average cost of GBX 347 per share, with a total value of £19,890.04. Also, insider Simon Roberts sold 346,154 shares of the company’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of GBX 333, for a total transaction of £1,152,692.82. Insiders own 0.47% of the company’s stock.

Key Stories Impacting J Sainsbury

Here are the key news stories impacting J Sainsbury this week:

  • Positive Sentiment: Higher earnings and upgraded outlook: Sainsbury reported first-half earnings of 9.50 pence per share and raised its profit outlook after growth across the business. The improved guidance suggests management sees continued momentum despite intense competition in the UK grocery market. J Sainsbury H1 Earnings Up
  • Positive Sentiment: £300 million share repurchase launched: J Sainsbury commenced a buyback of up to £300 million. Repurchases can support earnings per share and signal that management believes the shares offer attractive value, although the effect will depend on the pace and execution of the program. J Sainsbury Commences Share Repurchase
  • Positive Sentiment: Dividend proposed: The company proposed an interim dividend, reinforcing its shareholder-return strategy and potentially improving the stock’s appeal to income-focused investors. The key issues for valuation are the final dividend amount and whether the stronger profit outlook can support future distributions. J Sainsbury Proposed Its Interim Dividend
  • Positive Sentiment: Insider buying: Non-executive director Katie Bickerstaffe purchased 5,732 shares for approximately £19,890 at an average price of 347 pence. The purchase is a modest amount relative to the company’s size, but insider buying can be viewed as a vote of confidence. J Sainsbury Insider Buys Shares
  • Positive Sentiment: Analyst support: Deutsche Bank reaffirmed its “buy” rating and GBX 390 price target. The target is above recent trading levels, though the broader analyst consensus is more moderate at GBX 360.17. Deutsche Bank J Sainsbury Recommendation
  • Negative Sentiment: Valuation and financial risks remain: Sainsbury trades at roughly 20.7 times earnings, while its net margin is only 1.14%. A debt-to-equity ratio above 100 also leaves the company sensitive to interest costs and operating setbacks.

About J Sainsbury

(Get Free Report)

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. Our purpose is that driven by our passion for food, together we serve and help every customer.

Our focus on great value food and convenient shopping, whether in-store or online is supported by our brands – Argos, Habitat, Tu, Nectar and Sainsbury’s Bank.

Further Reading