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

Shares of J Sainsbury plc (LON:SBRY) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 319.21 and traded as high as GBX 326.40. J Sainsbury shares last traded at GBX 323.51, with a volume of 9,722,710 shares.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SBRY. JPMorgan Chase & Co. reduced their price objective on shares of J Sainsbury from GBX 350 to GBX 345 and set an “overweight” rating for the company in a research report on Monday, January 12th. Jefferies Financial Group cut their target price on shares of J Sainsbury from GBX 330 to GBX 310 and set a “hold” rating for the company in a research note on Friday, January 16th. Citigroup decreased their price target on shares of J Sainsbury from GBX 366 to GBX 360 and set a “buy” rating on the stock in a research note on Monday, January 12th. Finally, Shore Capital reissued a “house stock” rating on shares of J Sainsbury in a report on Thursday, November 6th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, J Sainsbury currently has an average rating of “Moderate Buy” and an average target price of GBX 330.

J Sainsbury Trading Up 1.7%

The firm has a market capitalization of £7.22 billion, a P/E ratio of 22.94, 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. The firm has a 50 day moving average of GBX 320.18 and a 200-day moving average of GBX 319.21.

J Sainsbury (LON:SBRY) last posted its quarterly earnings data on Thursday, November 6th. The grocer reported GBX 10.30 EPS for the quarter. J Sainsbury had a return on equity of 1.94% and a net margin of 0.42%. On average, equities research analysts predict that J Sainsbury plc will post 25.7241977 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Katie Bickerstaffe acquired 5,534 shares of J Sainsbury stock in a transaction that occurred on Wednesday, January 14th. The shares were acquired at an average price of GBX 309 per share, for a total transaction of £17,100.06. Also, insider Simon Roberts sold 30,340 shares of J Sainsbury stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of GBX 308, for a total transaction of £93,447.20. 0.41% of the stock is owned by corporate insiders.

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. Our purpose is that driven by our passion for food, together we serve and help every customer.

Our focus on great value food and convenient shopping, whether in-store or online is supported by our brands – Argos, Habitat, Tu, Nectar and Sainsbury’s Bank.