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

J Sainsbury plc (LON:SBRY) shares reached a new 52-week high on Friday . The stock 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.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Citigroup cut their target price on shares of J Sainsbury from GBX 3,350 to GBX 3,300 and set a “neutral” rating on the stock in a report on Tuesday, June 9th. Shore Capital Group reiterated a “house stock” rating on shares of J Sainsbury in a research report on Tuesday, June 30th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 310 price target on shares of J Sainsbury in a report on Wednesday, July 1st. UBS Group restated a “buy” rating and set a GBX 395 price objective on shares of J Sainsbury in a research note on Friday, June 26th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 375 target price on shares of J Sainsbury in a research report on Thursday, July 2nd. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 847.50.

J Sainsbury Price Performance

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

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.