J Sainsbury (LON:SBRY) Hits New 12-Month High – Here’s What Happened

J Sainsbury plc (LON:SBRY) shares hit a new 52-week high during trading on Monday . The stock traded as high as GBX 358.20 and last traded at GBX 357.20, with a volume of 8178870 shares traded. The stock had previously closed at GBX 355.20.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SBRY. Shore Capital Group restated a “house stock” rating on shares of J Sainsbury in a report on Thursday, November 6th. JPMorgan Chase & Co. decreased their price target on shares of J Sainsbury from GBX 350 to GBX 345 and set an “overweight” rating on the stock in a research note on Monday, January 12th. Citigroup lowered their price target on shares of J Sainsbury from GBX 366 to GBX 360 and set a “buy” rating on the stock in a research report on Monday, January 12th. Finally, Jefferies Financial Group cut their price objective on shares of J Sainsbury from GBX 330 to GBX 310 and set a “hold” rating for the company in a report on Friday, January 16th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 330.

J Sainsbury Trading Down 0.2%

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 company’s 50-day moving average is GBX 329.23 and its 200-day moving average is GBX 324.65. The stock has a market capitalization of £7.98 billion, a price-to-earnings ratio of 25.43, a PEG ratio of 0.42 and a beta of 0.67.

Insider Buying and Selling

In other J Sainsbury news, insider Katie Bickerstaffe bought 5,534 shares of J Sainsbury stock in a transaction on Wednesday, January 14th. The shares were bought at an average price of GBX 309 per share, for a total transaction of £17,100.06. Also, insider Simon Roberts sold 30,340 shares of the company’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of GBX 308, for a total value of £93,447.20. 0.42% of the stock is owned by company insiders.

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. 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.