J Sainsbury (LON:SBRY) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

J Sainsbury plc (LON:SBRY) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 309.75 and traded as high as GBX 325. J Sainsbury shares last traded at GBX 321.80, with a volume of 363,659,719 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on SBRY shares. Citigroup reduced their price target on J Sainsbury from GBX 338 to GBX 333 and set a “neutral” rating for the company in a research report on Monday, November 10th. Shore Capital reissued a “house stock” rating on shares of J Sainsbury in a research note on Thursday, November 6th. Finally, JPMorgan Chase & Co. decreased their target price on J Sainsbury from GBX 355 to GBX 350 and set an “overweight” rating for the company in a research report on Friday, December 5th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 329.33.

J Sainsbury Stock Down 0.6%

The firm has a 50-day moving average price of GBX 330.81 and a two-hundred day moving average price of GBX 309.75. The company has a market capitalization of £7.22 billion, a P/E ratio of 22.82, 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 (LON:SBRY) last released its earnings results on Thursday, November 6th. The grocer reported GBX 10.30 EPS for the quarter. J Sainsbury had a net margin of 0.42% and a return on equity of 1.94%. Equities research analysts anticipate that J Sainsbury plc will post 25.7241977 EPS for the current fiscal year.

Insider Transactions at J Sainsbury

In related news, insider Bl á thnaid Bergin sold 225,000 shares of the business’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of GBX 320, for a total transaction of £720,000. Also, insider Katie Bickerstaffe purchased 2,889 shares of the business’s stock in a transaction on Monday, November 10th. The stock was purchased at an average cost of GBX 344 per share, with a total value of £9,938.16. 0.41% of the stock is currently owned by corporate insiders.

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.