J Sainsbury (LON:SBRY) Reaches New 12-Month Low at $200.80

Shares of J Sainsbury plc (LON:SBRYGet Rating) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 200.80 ($2.43) and last traded at GBX 201.65 ($2.44), with a volume of 248284 shares changing hands. The stock had previously closed at GBX 203.40 ($2.46).

Wall Street Analysts Forecast Growth

SBRY has been the topic of several research analyst reports. Shore Capital reiterated a “house stock” rating on shares of J Sainsbury in a research report on Tuesday. Berenberg Bank lowered their price target on J Sainsbury from GBX 285 ($3.44) to GBX 230 ($2.78) and set a “hold” rating on the stock in a research report on Friday, June 10th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of J Sainsbury in a research report on Tuesday, May 17th. Barclays reissued an “overweight” rating and set a GBX 300 ($3.62) price objective on shares of J Sainsbury in a research note on Thursday, July 14th. Finally, Morgan Stanley reissued an “equal weight” rating on shares of J Sainsbury in a research note on Wednesday, May 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, J Sainsbury has a consensus rating of “Hold” and an average price target of GBX 270 ($3.26).

J Sainsbury Stock Up 1.6 %

The company has a market cap of £4.76 billion and a P/E ratio of 692.59. The company has a debt-to-equity ratio of 88.02, a quick ratio of 0.48 and a current ratio of 0.68. The firm’s 50-day simple moving average is GBX 214.74 and its 200 day simple moving average is GBX 232.94.

J Sainsbury Company Profile

(Get Rating)

J Sainsbury plc, together with its subsidiaries, engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom and the Republic of Ireland. It operates through three segments: Retail – Food, Retail – General Merchandise and Clothing, and Financial Services.

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