J Sainsbury (LON:SBRY) Share Price Passes Above 200 Day Moving Average – Here’s Why

J Sainsbury plc (LON:SBRY) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 332.45 and traded as high as GBX 335.30. J Sainsbury shares last traded at GBX 335.30, with a volume of 7,717,626 shares traded.

Analysts Set New Price Targets

SBRY has been the subject of several recent analyst reports. Royal Bank Of Canada restated an “outperform” rating and set a GBX 375 target price on shares of J Sainsbury in a research report on Thursday, July 2nd. Citigroup boosted their price target on shares of J Sainsbury from GBX 330 to GBX 346 and gave the company a “neutral” rating in a report on Friday, August 7th. Shore Capital Group reaffirmed a “house stock” rating on shares of J Sainsbury in a research report on Friday, July 31st. UBS Group restated a “buy” rating and issued a GBX 395 target price on shares of J Sainsbury in a research note on Friday, June 26th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 360 price objective on shares of J Sainsbury in a report on Monday, August 3rd. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 355.17.

J Sainsbury Price Performance

The firm has a market cap of £7.30 billion, a PE ratio of 19.82, a price-to-earnings-growth ratio of 0.42 and a beta of 1.00. The company has a debt-to-equity ratio of 107.33, a current ratio of 0.56 and a quick ratio of 0.53. The stock’s fifty day moving average price is GBX 343.47 and its 200-day moving average price is GBX 332.40.

Insider Buying and Selling at J Sainsbury

In other J Sainsbury news, insider Simon Roberts sold 346,154 shares of the business’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of GBX 333, for a total transaction of £1,152,692.82. Insiders own 0.44% of the company’s stock.

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. 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.