RBC Capital Remains a Buy on J Sainsbury plc (SBRY)

In a report released today, Manjari Dhar from RBC Capital reiterated a Buy rating on J Sainsbury plc, with a price target of p305.00. The company’s shares closed yesterday at p281.20.

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Dhar covers the Consumer Cyclical sector, focusing on stocks such as Hugo Boss, Dunelm Group, and Halfords. According to TipRanks, Dhar has an average return of 0.6% and a 54.55% success rate on recommended stocks.

J Sainsbury plc has an analyst consensus of Moderate Buy, with a price target consensus of p302.44, representing a 7.55% upside. In a report released on July 2, Barclays also maintained a Buy rating on the stock with a £3.20 price target.

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.