J Sainsbury plc (SBRY) Receives a Buy from Barclays

In a report released today, James Anstead from Barclays maintained a Buy rating on J Sainsbury plc, with a price target of £3.20. The company’s shares closed yesterday at p293.60.

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According to TipRanks, Anstead is a 5-star analyst with an average return of 12.5% and a 64.13% success rate. Anstead covers the Consumer Cyclical sector, focusing on stocks such as Next plc, Koninklijke Ahold Delhaize N.V., and Kingfisher.

In addition to Barclays, J Sainsbury plc also received a Buy from UBS’s Sreedhar Mahamkali in a report issued yesterday. However, on June 26, Citi maintained a Hold rating on J Sainsbury plc (LSE: SBRY).

Based on J Sainsbury plc’s latest earnings release for the quarter ending February 28, the company reported a quarterly revenue of p15.61 billion and a net profit of p191 million. In comparison, last year the company earned a revenue of p15.72 billion and had a GAAP net loss of p18 million

Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SBRY in relation to earlier this year.