J Sainsbury (LON:SBRY) Sets New 52-Week High – Still a Buy?

J Sainsbury plc (LON:SBRY)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 340 ($4.53) and last traded at GBX 339.40 ($4.52), with a volume of 3398812 shares changing hands. The stock had previously closed at GBX 338 ($4.51).

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Shore Capital reaffirmed a “house stock” rating on shares of J Sainsbury in a report on Tuesday, September 23rd. Royal Bank Of Canada raised their price objective on shares of J Sainsbury from GBX 300 to GBX 305 and gave the stock an “outperform” rating in a research note on Friday, July 4th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 305.

J Sainsbury Stock Up 0.2%

The business’s 50 day simple moving average is GBX 319.51 and its 200-day simple moving average is GBX 293.15. The company has a market cap of £7.69 billion, a price-to-earnings ratio of 33.49, a price-to-earnings-growth ratio of 0.42 and a beta of 0.67. The company has a debt-to-equity ratio of 95.36, a quick ratio of 0.53 and a current ratio of 0.66.

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.