J Sainsbury (LON:SBRY) Hits New 1-Year Low – Should You Sell?

J Sainsbury plc (LON:SBRY)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 226 ($2.92) and last traded at GBX 227.20 ($2.94), with a volume of 30886656 shares changing hands. The stock had previously closed at GBX 235.20 ($3.04).

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. lowered their price target on J Sainsbury from GBX 310 ($4.01) to GBX 305 ($3.94) and set an “overweight” rating for the company in a research report on Monday, January 13th. Shore Capital reiterated a “house stock” rating on shares of J Sainsbury in a report on Tuesday, March 11th.

J Sainsbury Stock Performance

The company has a debt-to-equity ratio of 95.36, a current ratio of 0.66 and a quick ratio of 0.53. The stock has a market capitalization of £5.28 billion, a P/E ratio of 38.59, a price-to-earnings-growth ratio of 0.42 and a beta of 0.67. The company has a 50 day simple moving average of GBX 251.88 and a 200-day simple moving average of GBX 266.22.

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.