J Sainsbury (LON:SBRY) Stock Price Passes Above 200 Day Moving Average – What’s Next?

J Sainsbury plc (LON:SBRY)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 330.27 and traded as high as GBX 335. J Sainsbury shares last traded at GBX 330.40, with a volume of 16,212,803 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages have commented on SBRY. Jefferies Financial Group reissued a “hold” rating and set a GBX 310 price objective on shares of J Sainsbury in a report on Tuesday, March 10th. JPMorgan Chase & Co. dropped their target price on shares of J Sainsbury from GBX 350 to GBX 345 and set an “overweight” rating for the company in a research note on Monday, January 12th. Finally, Citigroup reduced their target price on shares of J Sainsbury from GBX 366 to GBX 360 and set a “buy” rating on the stock in a research report on Monday, January 12th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, J Sainsbury presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 330.

J Sainsbury Trading Down 0.4%

The company has a market cap of £7.35 billion, a P/E ratio of 23.43, a P/E/G ratio of 0.42 and a beta of 1.18. 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 business has a 50-day moving average price of GBX 336.88 and a two-hundred day moving average price of GBX 330.27.

Insider Transactions at J Sainsbury

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