J Sainsbury (LON:SBRY) Reaches New 52-Week High - Should You Buy?

Key Points

• J Sainsbury's stock price reached a new 52-week high, trading as high as GBX 323.57, with a recent trading volume of over 38 million shares.
• Equities analysts have a consensus Buy rating on Sainsbury's stock, with an average price target of GBX 305.
• Insider Simon Roberts sold approximately 578,500 shares recently, raising £1,642,940 in the transaction.

J Sainsbury plc (LON:SBRY - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 323.57 ($4.39) and last traded at GBX 323 ($4.38), with a volume of 38159082 shares traded. The stock had previously closed at GBX 307.20 ($4.16).

Analyst Ratings Changes

Several brokerages recently issued reports on SBRY. Shore Capital reiterated a "house stock" rating on shares of J Sainsbury in a research note on Monday. Royal Bank Of Canada increased their price target on shares of J Sainsbury from GBX 300 to GBX 305 and gave the stock an "outperform" rating in a research note on Friday, July 4th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of GBX 305.

J Sainsbury Stock Performance

The firm has a market capitalization of £7.26 billion, a P/E ratio of 3,158.82, a price-to-earnings-growth ratio of 0.42 and a beta of 0.67. 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's 50 day simple moving average is GBX 301.06 and its two-hundred day simple moving average is GBX 277.39.

Insiders Place Their Bets

In other J Sainsbury news, insider Simon Roberts sold 578,500 shares of the firm's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of GBX 284, for a total transaction of £1,642,940. Corporate 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.