J Sainsbury (LON:SBRY) Hits New 52-Week Low – Should You Sell?

J Sainsbury plc (LON:SBRY) reached a new 52-week low on Thursday . The stock traded as low as GBX 223.60 ($2.86) and last traded at GBX 224.02 ($2.86), with a volume of 32653436 shares trading hands. The stock had previously closed at GBX 235.80 ($3.01).

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SBRY shares. JPMorgan Chase & Co. reduced their target price on shares of J Sainsbury from GBX 310 ($3.96) to GBX 305 ($3.90) and set an “overweight” rating for the company in a research note on Monday, January 13th. Shore Capital reiterated a “house stock” rating on shares of J Sainsbury in a research note on Tuesday, March 11th.

J Sainsbury Price Performance

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 stock has a market cap of £5.19 billion, a price-to-earnings ratio of 37.96, a price-to-earnings-growth ratio of 0.42 and a beta of 0.67. The company’s 50-day moving average is GBX 248.06 and its 200-day moving average is GBX 262.95.

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.