J Sainsbury (LON:SBRY) Sets New 12-Month High – Still a Buy?

Shares of J Sainsbury plc (LON:SBRY) hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 380.30 and last traded at GBX 369.88, with a volume of 328810844 shares traded. The stock had previously closed at GBX 355.91.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SBRY. Shore Capital Group reissued a “house stock” rating on shares of J Sainsbury in a research note on Tuesday, June 30th. Citigroup reduced their price objective on shares of J Sainsbury from GBX 3,350 to GBX 3,300 and set a “neutral” rating for the company in a report on Tuesday, June 9th. UBS Group reiterated a “buy” rating and issued a GBX 395 target price on shares of J Sainsbury in a research report on Friday, June 26th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 360 target price on shares of J Sainsbury in a research note on Wednesday, July 1st. Finally, Royal Bank Of Canada restated an “outperform” rating and set a GBX 375 price target on shares of J Sainsbury in a research report on Thursday, July 2nd. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 847.50.

J Sainsbury Trading Up 3.2%

The stock has a market capitalization of £8.06 billion, a P/E ratio of 21.74, a price-to-earnings-growth ratio of 0.42 and a beta of 1.00. The business has a 50 day simple moving average of GBX 323.79 and a 200-day simple moving average of GBX 330.45. The company has a debt-to-equity ratio of 107.33, a quick ratio of 0.53 and a current ratio of 0.56.

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. 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.