UBS Remains a Buy on J Sainsbury plc (SBRY)

UBS analyst Sreedhar Mahamkali maintained a Buy rating on J Sainsbury plc on November 7 and set a price target of p365.00. The company’s shares closed today at p349.20.

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According to TipRanks, Mahamkali is an analyst with an average return of -0.2% and a 47.95% success rate. Mahamkali covers the Consumer Defensive sector, focusing on stocks such as Associated British Foods, J Sainsbury plc, and Tesco plc.

In addition to UBS, J Sainsbury plc also received a Buy from J.P. Morgan’s Borja Olcese in a report issued yesterday. However, on the same day, Citi maintained a Hold rating on J Sainsbury plc (LSE: SBRY).

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 26 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SBRY in relation to earlier this year.