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

Key Points

• J Sainsbury's stock reached a new 52-week high of GBX 333.80 during trading, with a total of 5,026,871 shares exchanged.
• Wall Street analysts maintain a positive outlook, with an average rating of "Buy" and a target price of GBX 305.
• Insider Simon Roberts sold 578,500 shares at an average price of GBX 284, totaling £1,642,940 in the transaction.

J Sainsbury plc (LON:SBRY - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 333.80 ($4.48) and last traded at GBX 333.20 ($4.48), with a volume of 5026871 shares traded. The stock had previously closed at GBX 330 ($4.43).

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Royal Bank Of Canada upped their price objective on J Sainsbury from GBX 300 to GBX 305 and gave the company an "outperform" rating in a research note on Friday, July 4th. Shore Capital reissued a "house stock" rating on shares of J Sainsbury in a report on Tuesday, September 23rd. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of GBX 305.

J Sainsbury Trading Up 1.2%

The stock has a market capitalization of £7.53 billion, a P/E ratio of 3,274.51, a price-to-earnings-growth ratio of 0.42 and a beta of 0.67. The company has a debt-to-equity ratio of 95.36, a quick ratio of 0.53 and a current ratio of 0.66. The business has a 50 day simple moving average of GBX 306.53 and a 200-day simple moving average of GBX 281.37.

Insider Buying and Selling at J Sainsbury

In related news, insider Simon Roberts sold 578,500 shares of the company's stock in a transaction on Thursday, July 10th. The shares were sold at an average price of GBX 284, for a total transaction of £1,642,940. Insiders own 0.42% of the company's stock.

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.

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