J Sainsbury (LON:SBRY) Hits New 12-Month Low at $195.45

J Sainsbury plc (LON:SBRYGet Rating) reached a new 52-week low on Tuesday . The company traded as low as GBX 195.45 ($2.36) and last traded at GBX 195.70 ($2.36), with a volume of 2254347 shares. The stock had previously closed at GBX 202.80 ($2.45).

Analyst Upgrades and Downgrades

Several analysts have commented on SBRY shares. Barclays reissued an “overweight” rating and issued a GBX 300 ($3.62) price objective on shares of J Sainsbury in a report on Thursday, July 14th. Jefferies Financial Group cut J Sainsbury to a “hold” rating and cut their price objective for the company from GBX 300 ($3.62) to GBX 210 ($2.54) in a research report on Tuesday, September 6th. Shore Capital restated a “house stock” rating on shares of J Sainsbury in a research report on Wednesday, September 14th. Finally, Berenberg Bank cut their price objective on J Sainsbury from GBX 285 ($3.44) to GBX 230 ($2.78) and set a “hold” rating for the company in a research report on Friday, June 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of GBX 258 ($3.12).

J Sainsbury Price Performance

The stock has a 50 day simple moving average of GBX 212.40 and a two-hundred day simple moving average of GBX 226.54. The company has a market cap of £4.55 billion and a price-to-earnings ratio of 671.72. The company has a debt-to-equity ratio of 88.02, a current ratio of 0.68 and a quick ratio of 0.48.

Insiders Place Their Bets

In related news, insider Jo Bertram acquired 8,000 shares of the stock in a transaction on Wednesday, September 7th. The shares were bought at an average price of GBX 209 ($2.53) per share, with a total value of £16,720 ($20,203.00).

About J Sainsbury

(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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