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

Tipranks - Fri Mar 13, 3:46AM CDT

Barclays analyst Matthew Clements maintained a Buy rating on J Sainsbury plc today and set a price target of £3.60.

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Clements covers the Consumer Defensive sector, focusing on stocks such as Koninklijke Ahold Delhaize N.V., Jeronimo Martins SGPS, and B&M European Value Retail SA. According to TipRanks, Clements has an average return of 4.5% and a 56.60% success rate on recommended stocks.

In addition to Barclays, J Sainsbury plc also received a Buy from UBS’s Sreedhar Mahamkali in a report issued yesterday. However, on March 10, Jefferies reiterated a Hold rating on J Sainsbury plc (LSE: SBRY).

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 32 insiders, corporate insider sentiment is neutral on the stock.

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