J Sainsbury (LON:SBRY) Sets New 12-Month High – Here’s Why

J Sainsbury plc (LON:SBRY)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as GBX 335.80 ($4.51) and last traded at GBX 334.58 ($4.49), with a volume of 2220722 shares traded. The stock had previously closed at GBX 335 ($4.50).

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Shore Capital reiterated a “house stock” rating on shares of J Sainsbury in a research note on Tuesday, September 23rd. Royal Bank Of Canada upped their price target on J Sainsbury from GBX 300 to GBX 305 and gave the stock an “outperform” rating in a report on Friday, July 4th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 305.

J Sainsbury Stock Down 0.3%

The company has a quick ratio of 0.53, a current ratio of 0.66 and a debt-to-equity ratio of 95.36. The stock has a market cap of £7.52 billion, a PE ratio of 3,273.92, a price-to-earnings-growth ratio of 0.42 and a beta of 0.67. The firm has a fifty day moving average of GBX 308.94 and a 200 day moving average of GBX 284.12.

Insiders Place Their Bets

In related news, insider Simon Roberts sold 578,500 shares of the business’s stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of GBX 284, for a total transaction of £1,642,940. 0.42% of the stock is currently owned by insiders.

About J Sainsbury

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.