J Sainsbury (LON:SBRY) Hits New 52-Week High – Here’s What Happened

J Sainsbury plc (LON:SBRY)’s stock price reached a new 52-week high on Thursday . The stock traded as high as GBX 354.40 and last traded at GBX 353.60, with a volume of 14626267 shares trading hands. The stock had previously closed at GBX 337.20.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “house stock” rating on shares of J Sainsbury in a research report on Thursday. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, J Sainsbury currently has an average rating of “Buy” and an average price target of GBX 305.

J Sainsbury Trading Down 1.9%

The company has a current ratio of 0.66, a quick ratio of 0.53 and a debt-to-equity ratio of 95.36. The business has a 50 day simple moving average of GBX 328.77 and a two-hundred day simple moving average of GBX 301.22. The stock has a market cap of £7.87 billion, a price-to-earnings ratio of 34.24, a price-to-earnings-growth ratio of 0.42 and a beta of 0.67.

J Sainsbury (LON:SBRY) last released its earnings results on Thursday, November 6th. The grocer reported GBX 10.30 EPS for the quarter. J Sainsbury had a return on equity of 1.94% and a net margin of 0.42%. As a group, equities analysts anticipate that J Sainsbury plc will post 25.7241977 EPS for the current year.

J Sainsbury Company Profile

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.