J Sainsbury plc (SBRY) Receives a Buy from Barclays

In a report released on September 18, James Anstead from Barclays maintained a Buy rating on J Sainsbury plc, with a price target of £3.50. The company’s shares closed yesterday at p322.40.

Elevate Your Investing Strategy:

• Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Anstead covers the Consumer Defensive sector, focusing on stocks such as J Sainsbury plc, B&M European Value Retail SA, and Tesco plc. According to TipRanks, Anstead has an average return of 12.7% and a 64.55% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for J Sainsbury plc with a p322.11 average price target, representing a -0.09% downside. In a report released on September 16, UBS also maintained a Buy rating on the stock with a £3.30 price target.

Based on J Sainsbury plc’s latest earnings release for the quarter ending March 1, the company reported a quarterly revenue of p15.61 billion and a net profit of p166 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 25 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.