J Sainsbury (LON:SBRY) Reaches New 1-Year Low at $195.45

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

Analyst Upgrades and Downgrades

SBRY has been the topic of several recent research reports. Jefferies Financial Group lowered shares of J Sainsbury to a “hold” rating and lowered their price target for the company from GBX 300 ($3.62) to GBX 210 ($2.54) in a report on Tuesday, September 6th. Shore Capital reaffirmed a “house stock” rating on shares of J Sainsbury in a report on Wednesday, September 14th. Barclays restated an “overweight” rating and set a GBX 300 ($3.62) target price on shares of J Sainsbury in a research report on Thursday, July 14th. Finally, 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. 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 firm has a market capitalization of £4.55 billion and a PE ratio of 671.72. The stock has a 50-day moving average price of GBX 212.40 and a 200 day moving average price of GBX 226.54. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 88.02.

Insider Activity

In other news, insider Jo Bertram purchased 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 7th. The stock was purchased at an average cost of GBX 209 ($2.53) per share, for a total transaction of £16,720 ($20,203.00).

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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