J Sainsbury (LON:SBRY) Sets New 12-Month Low – Here’s Why

J Sainsbury plc (LON:SBRY)’s share price hit a new 52-week low on Friday . The company 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).

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. cut their price objective 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. Shore Capital reaffirmed a “house stock” rating on shares of J Sainsbury in a research report on Tuesday.

J Sainsbury Stock Performance

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 company has a market capitalization of £5.42 billion, a P/E ratio of 39.64, a price-to-earnings-growth ratio of 0.42 and a beta of 0.67. The firm has a 50 day moving average price of GBX 258.40 and a two-hundred day moving average price of GBX 270.07.

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.