J Sainsbury (LON:SBRY) Sets New 52-Week Low – Time to Sell?

J Sainsbury plc (LON:SBRY)’s stock price reached a new 52-week low on Friday . The stock traded as low as GBX 233.91 ($3.03) and last traded at GBX 235 ($3.04), with a volume of 21623480 shares changing hands. The stock had previously closed at GBX 254.80 ($3.30).

Analysts Set New Price Targets

SBRY has been the subject of a number of research analyst reports. Shore Capital reissued a “house stock” rating on shares of J Sainsbury in a research report on Tuesday. JPMorgan Chase & Co. cut their target price on shares of J Sainsbury from GBX 310 ($4.02) to GBX 305 ($3.95) and set an “overweight” rating for the company in a research report on Monday, January 13th.

J Sainsbury Price Performance

The stock’s 50 day simple moving average is GBX 258.40 and its 200-day simple moving average is GBX 270.07. The stock has a market capitalization of £5.42 billion, a price-to-earnings ratio of 39.64, a PEG ratio of 0.42 and a beta of 0.67. The company has a debt-to-equity ratio of 95.36, a current ratio of 0.66 and a quick ratio of 0.53.

About J Sainsbury

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.