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Barclays Reaffirms Their Buy Rating on J Sainsbury plc (SBRY)

Tipranks - Thu Jan 8, 9:20PM CST

Barclays analyst Matthew Clements maintained a Buy rating on J Sainsbury plc yesterday. The company’s shares closed yesterday at p336.60.

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According to TipRanks, Clements is ranked #4743 out of 10355 analysts.

J Sainsbury plc has an analyst consensus of Strong Buy, with a price target consensus of p347.38.

Based on J Sainsbury plc’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of p17.58 billion and a net profit of p165 million. In comparison, last year the company earned a revenue of p17.2 billion and had a net profit of p76 million

Based on the recent corporate insider activity of 30 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.

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