J Sainsbury (LON:SBRY) Reaches New 12-Month High - What's Next?

Key Points

• J Sainsbury's stock hit a new 52-week high, trading at GBX 308.80 ($4.15) amid a volume of over 10 million shares.
• Equities analysts have increased their price target for the stock, with Royal Bank Of Canada setting a new target of GBX 305 ($4.10) and rating it as "outperform."
• Insider Simon Roberts sold 578,500 shares at an average price of GBX 284 ($3.82), indicating potential shifts in insider confidence.

J Sainsbury plc (LON:SBRY - Get Free Report) reached a new 52-week high on Monday . The stock traded as high as GBX 308.80 ($4.09) and last traded at GBX 305.47 ($4.05), with a volume of 10389461 shares trading hands. The stock had previously closed at GBX 306 ($4.06).

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on SBRY shares. Shore Capital reaffirmed a "house stock" rating on shares of J Sainsbury in a research note on Tuesday, July 1st. Royal Bank Of Canada upped their target price on J Sainsbury from GBX 300 ($3.98) to GBX 305 ($4.04) and gave the company an "outperform" rating in a research report on Friday, July 4th.

J Sainsbury Stock Up 0.1%

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 firm has a market capitalization of £6.98 billion, a P/E ratio of 51.01, a P/E/G ratio of 0.42 and a beta of 0.67. The stock has a fifty day moving average price of GBX 287.67 and a two-hundred day moving average price of GBX 266.01.

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 stock was sold at an average price of GBX 284 ($3.77), for a total transaction of £1,642,940 ($2,178,387.70). Company insiders own 5.40% 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.