J Sainsbury (LON:SBRY) Reaches New 52-Week Low - Here's Why

J Sainsbury plc (LON:SBRY - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 233.91 ($3.04) and last traded at GBX 235 ($3.05), with a volume of 21623480 shares trading hands. The stock had previously closed at GBX 254.80 ($3.31).

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SBRY. JPMorgan Chase & Co. dropped their price objective on shares of J Sainsbury from GBX 310 ($4.03) to GBX 305 ($3.96) and set an "overweight" rating on the stock in a report on Monday, January 13th. Shore Capital reissued a "house stock" rating on shares of J Sainsbury in a report on Tuesday, March 11th.

J Sainsbury Trading Up 1.7 %

The business's 50-day simple moving average is GBX 256.67 and its two-hundred day simple moving average is GBX 269.48. The firm has a market capitalization of £5.45 billion, a price-to-earnings ratio of 39.87, a PEG ratio of 0.42 and a beta of 0.67. The company has a quick ratio of 0.53, a current ratio of 0.66 and a debt-to-equity ratio of 95.36.

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.