Key Points
- Insider sale: J Sainsbury insider Simon Roberts sold 560,000 shares at GBX 350 each, worth approximately £1.96 million. He had also sold 346,154 shares worth about £1.15 million in August.
- Share buyback: The company authorized a £100 million buyback program, allowing it to repurchase up to 1.3% of its outstanding shares.
- Analyst view: J Sainsbury has a “Moderate Buy” consensus rating, with a GBX 356 average target price; ratings are evenly split between Buy and Hold among six analysts.
J Sainsbury plc (LON:SBRY - Get Free Report) insider Simon Roberts sold 560,000 shares of J Sainsbury stock in a transaction on Friday, October 23rd. The stock was sold at an average price of GBX 350, for a total value of £1,960,000.
Simon Roberts also recently made the following trade(s):
- On Tuesday, August 18th, Simon Roberts sold 346,154 shares of J Sainsbury stock. The stock was sold at an average price of GBX 333, for a total transaction of £1,152,692.82.
J Sainsbury Price Performance
SBRY opened at GBX 346.20 on Wednesday. J Sainsbury plc has a fifty-two week low of GBX 293.70 and a fifty-two week high of GBX 380.30. The firm has a 50-day moving average of GBX 337.79 and a 200 day moving average of GBX 333.40. The company has a debt-to-equity ratio of 115.36, a quick ratio of 0.53 and a current ratio of 0.59. The firm has a market cap of £7.54 billion, a P/E ratio of 20.49, a PEG ratio of 0.42 and a beta of 1.00.
J Sainsbury (LON:SBRY - Get Free Report) last announced its quarterly earnings data on Thursday, October 22nd. The grocer reported GBX 9.50 EPS for the quarter. J Sainsbury had a net margin of 1.15% and a return on equity of 6.39%. On average, research analysts expect that J Sainsbury plc will post 25.72 EPS for the current year.
J Sainsbury declared that its board has authorized a share buyback plan on Friday, October 23rd that authorizes the company to repurchase £100 million in shares. This buyback authorization authorizes the grocer to purchase up to 1.3% of its stock through open market purchases. Share buyback plans are typically a sign that the company's management believes its stock is undervalued.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on SBRY. Deutsche Bank Aktiengesellschaft lowered J Sainsbury to a "hold" rating and decreased their price objective for the stock from GBX 390 to GBX 365 in a report on Tuesday. Shore Capital Group reaffirmed a "house stock" rating on shares of J Sainsbury in a report on Friday, July 31st. Royal Bank Of Canada reiterated an "outperform" rating and set a GBX 375 target price on shares of J Sainsbury in a research report on Thursday, July 2nd. Jefferies Financial Group reiterated a "hold" rating and issued a GBX 310 target price on shares of J Sainsbury in a research note on Wednesday, July 1st. Finally, Citigroup lifted their target price on shares of J Sainsbury from GBX 330 to GBX 346 and gave the stock a "neutral" rating in a research note on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, J Sainsbury currently has an average rating of "Moderate Buy" and a consensus target price of GBX 356.
View Our Latest Research Report on J Sainsbury
J Sainsbury Company Profile
(
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.
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