J Sainsbury (LON:SBRY) Rating Reiterated by JPMorgan Chase & Co.

J Sainsbury (LON:SBRY)‘s stock had its “underweight” rating reaffirmed by equities researchers at JPMorgan Chase & Co. in a research note issued to investors on Friday, Marketbeat Ratings reports.

Several other research analysts also recently commented on SBRY. Shore Capital reaffirmed a “house stock” rating on shares of J Sainsbury in a research note on Monday, June 17th. Jefferies Financial Group raised J Sainsbury to a “buy” rating and set a GBX 300 ($3.81) price objective on the stock in a research note on Monday, April 22nd.

J Sainsbury Stock Down 0.8 %

LON SBRY opened at GBX 255 ($3.23) on Friday. The stock’s 50-day moving average price is GBX 268.98 and its 200-day moving average price is GBX 270.51. The company has a quick ratio of 0.53, a current ratio of 0.66 and a debt-to-equity ratio of 96.62. J Sainsbury has a 52 week low of GBX 243.80 ($3.09) and a 52 week high of GBX 311.16 ($3.95). The company has a market capitalization of £6.02 billion, a P/E ratio of 4,250.00, a price-to-earnings-growth ratio of 0.39 and a beta of 0.66.

Insider Buying and Selling

In related news, insider Simon Roberts sold 189,648 shares of the stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of GBX 263 ($3.34), for a total transaction of £498,774.24 ($632,721.35). 5.37% of the stock is currently owned by company insiders.

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 and the Republic of Ireland. It operates through three segments: Retail Food, Retail General Merchandise and Clothing, and Financial Services.