J Sainsbury (LON:SBRY) Reaches New 52-Week Low - What's Next?

J Sainsbury plc (LON:SBRY - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 226 ($2.93) and last traded at GBX 227.20 ($2.95), with a volume of 30886656 shares traded. The stock had previously closed at GBX 235.20 ($3.05).

Wall Street Analysts Forecast Growth

SBRY has been the subject of several analyst reports. Shore Capital reaffirmed a "house stock" rating on shares of J Sainsbury in a report on Tuesday, March 11th. JPMorgan Chase & Co. reduced their price objective on shares of J Sainsbury from GBX 310 ($4.03) to GBX 305 ($3.96) and set an "overweight" rating for the company in a research note on Monday, January 13th.

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 firm has a 50 day moving average of GBX 250.79 and a 200-day moving average of GBX 265.40. The stock has a market capitalization of £5.38 billion, a PE ratio of 39.30, a P/E/G ratio of 0.42 and a beta of 0.67.

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.