J Sainsbury (LON:SBRY) Reaches New 1-Year High – Time to Buy?

by · The Markets Daily

J Sainsbury plc (LON:SBRY – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 370.73 and last traded at GBX 323, with a volume of 341807000 shares. The stock had previously closed at GBX 324.40.

Wall Street Analyst Weigh In

Several research firms have commented on SBRY. Shore Capital reaffirmed a “house stock” rating on shares of J Sainsbury in a report on Thursday, November 6th. JPMorgan Chase & Co. decreased their price objective on J Sainsbury from GBX 355 to GBX 350 and set an “overweight” rating for the company in a report on Friday, December 5th. Finally, Citigroup dropped their target price on J Sainsbury from GBX 338 to GBX 333 and set a “neutral” rating on the stock in a report on Monday, November 10th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 329.33.

Get Our Latest Report on J Sainsbury

J Sainsbury Stock Down 0.7%

The business’s fifty day simple moving average is GBX 329.93 and its two-hundred day simple moving average is GBX 310.78. The company has a market cap of £7.23 billion, a PE ratio of 22.85, a PEG ratio of 0.42 and a beta of 0.67. The company has a debt-to-equity ratio of 95.36, a current ratio of 0.66 and a quick ratio of 0.53.

J Sainsbury (LON:SBRY – Get Free Report) last posted its earnings results on Thursday, November 6th. The grocer reported GBX 10.30 EPS for the quarter. J Sainsbury had a return on equity of 1.94% and a net margin of 0.42%. On average, analysts predict that J Sainsbury plc will post 25.7241977 earnings per share for the current year.

Insider Activity at J Sainsbury

In related news, insider Katie Bickerstaffe acquired 2,889 shares of the firm’s stock in a transaction on Monday, November 10th. The shares were acquired at an average cost of GBX 344 per share, with a total value of £9,938.16. Also, insider Bl á thnaid Bergin sold 225,000 shares of J Sainsbury stock in a transaction dated Monday, November 17th. The shares were sold at an average price of GBX 320, for a total transaction of £720,000. Corporate insiders own 0.41% of the company’s stock.

J Sainsbury Company Profile

(Get Free Report)

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. Our purpose is that driven by our passion for food, together we serve and help every customer.

Our focus on great value food and convenient shopping, whether in-store or online is supported by our brands – Argos, Habitat, Tu, Nectar and Sainsbury’s Bank.

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