JPMorgan Chase & Co. Has Lowered Expectations for J Sainsbury (LON:SBRY) Stock Price

J Sainsbury (LON:SBRY) had its price target dropped by JPMorgan Chase & Co. from GBX 310 ($3.78) to GBX 305 ($3.72) in a research note issued to investors on Monday,Digital Look reports. The brokerage presently has an “overweight” rating on the grocer’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 20.74% from the stock’s current price.

Separately, Shore Capital reaffirmed a “house stock” rating on shares of J Sainsbury in a research note on Friday, November 22nd.

J Sainsbury Stock Performance

Shares of SBRY stock opened at GBX 252.60 ($3.08) on Monday. The company has a current ratio of 0.66, a quick ratio of 0.53 and a debt-to-equity ratio of 95.36. The company’s fifty day moving average price is GBX 264.12 and its 200-day moving average price is GBX 272.48. The stock has a market cap of £5.89 billion, a PE ratio of 4,210.00, a price-to-earnings-growth ratio of 0.42 and a beta of 0.67. J Sainsbury has a 12 month low of GBX 237.60 ($2.90) and a 12 month high of GBX 301.40 ($3.68).

J Sainsbury Company Profile

J Sainsbury plc is one of the UK’s leading food, general merchandise and clothing retailers.

Offering delicious, great quality food at competitive prices has been at the heart of what we do since we opened our first store in 1869. Today, inspiring and delighting our customers with tasty food remains our priority.