J Sainsbury (LON:SBRY) Sets New 12-Month High - Here's Why

Key Points

• Shares of J Sainsbury plc reached a new 52-week high of GBX 335.80 ($4.51) during trading, reflecting strong investor interest with a volume of over 2.2 million shares traded.
• Analyst ratings indicate a positive outlook, with a consensus "Buy" rating and an average price target of GBX 305, following recent upgrades from firms including Royal Bank of Canada.
• Insider selling was reported, with CEO Simon Roberts selling 578,500 shares at an average price of GBX 284, indicating potential caution from leadership despite the current stock performance.

Shares of J Sainsbury plc (LON:SBRY - Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as GBX 335.80 ($4.51) and last traded at GBX 334.58 ($4.49), with a volume of 2220722 shares traded. The stock had previously closed at GBX 335 ($4.50).

Analyst Ratings Changes

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

J Sainsbury Trading Down 0.3%

The company has a quick ratio of 0.53, a current ratio of 0.66 and a debt-to-equity ratio of 95.36. The business has a 50-day simple moving average of GBX 308.94 and a 200-day simple moving average of GBX 284.12. The company has a market cap of £7.52 billion, a PE ratio of 3,273.92, a price-to-earnings-growth ratio of 0.42 and a beta of 0.67.

Insider Transactions at J Sainsbury

In related news, insider Simon Roberts sold 578,500 shares of the firm's stock in a transaction dated Thursday, July 10th. The stock was 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.