J Sainsbury (LON:SBRY) Shares Cross Above 200 Day Moving Average – Here’s What Happened

J Sainsbury plc (LON:SBRY) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 257.48 ($3.39) and traded as high as GBX 281.40 ($3.71). J Sainsbury shares last traded at GBX 269.80 ($3.55), with a volume of 7,970,974 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SBRY shares. Shore Capital restated a “house stock” rating on shares of J Sainsbury in a report on Thursday, April 17th. JPMorgan Chase & Co. decreased their price objective on shares of J Sainsbury from GBX 310 ($4.08) to GBX 305 ($4.02) and set an “overweight” rating for the company in a report on Monday, January 13th.

J Sainsbury Stock Performance

The business’s fifty day moving average price is GBX 248.98 and its 200-day moving average price is GBX 257.48. 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 stock has a market cap of £6.23 billion, a PE ratio of 45.51, a P/E/G ratio of 0.42 and a beta of 0.67.

J Sainsbury (LON:SBRY) last announced its quarterly earnings results on Thursday, April 17th. The grocer reported GBX 23.10 ($0.30) earnings per share (EPS) for the quarter. J Sainsbury had a net margin of 0.42% and a return on equity of 1.94%. As a group, equities research analysts forecast that J Sainsbury plc will post 25.7241977 EPS for the current fiscal year.

Insider Activity

In other news, insider Bl á thnaid Bergin sold 41,221 shares of the stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of GBX 260 ($3.43), for a total value of £107,174.60 ($141,205.01). Insiders own 5.40% of the company’s stock.

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.