J Sainsbury (LON:SBRY) Stock Passes Above 200 Day Moving Average – Time to Sell?

J Sainsbury plc (LON:SBRY) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 329.07 and traded as high as GBX 354.20. J Sainsbury shares last traded at GBX 353.28, with a volume of 22,211,297 shares changing hands.

Analyst Upgrades and Downgrades

SBRY has been the subject of several recent research reports. JPMorgan Chase & Co. decreased their price target 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. Citigroup dropped their price target on shares of J Sainsbury from GBX 366 to GBX 360 and set a “buy” rating for the company in a research note on Monday, January 12th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a GBX 310 price target on shares of J Sainsbury in a report on Tuesday, March 10th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, J Sainsbury currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 330.

J Sainsbury Trading Up 0.4%

The company has a quick ratio of 0.53, a current ratio of 0.62 and a debt-to-equity ratio of 102.27. The firm has a market capitalization of £7.86 billion, a P/E ratio of 25.06, a price-to-earnings-growth ratio of 0.42 and a beta of 1.18. The firm’s 50-day simple moving average is GBX 334.50 and its 200-day simple moving average is GBX 329.07.

Insider Buying and Selling at J Sainsbury

In other news, insider Katie Bickerstaffe purchased 5,534 shares of the company’s stock in a transaction on Wednesday, January 14th. The stock was purchased at an average price of GBX 309 per share, with a total value of £17,100.06. Also, insider Simon Roberts sold 30,340 shares of the company’s stock in a transaction dated Monday, January 12th. The stock was sold at an average price of GBX 308, for a total value of £93,447.20. 0.42% of the stock is currently owned by 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.