J Sainsbury (LON:SBRY) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

J Sainsbury plc (LON:SBRY)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 322.74 and traded as high as GBX 356.60. J Sainsbury shares last traded at GBX 354.30, with a volume of 2,915,141 shares traded.

Analyst Upgrades and Downgrades

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

J Sainsbury Trading Up 0.5%

The company has a 50 day moving average of GBX 326.43 and a 200-day moving average of GBX 322.74. The stock has a market cap of £7.93 billion, a price-to-earnings ratio of 25.26, a price-to-earnings-growth ratio of 0.42 and a beta of 0.67. The company has a debt-to-equity ratio of 95.36, a quick ratio of 0.53 and a current ratio of 0.66.

Insider Activity at J Sainsbury

In other J Sainsbury news, insider Simon Roberts sold 30,340 shares of the stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of GBX 308, for a total transaction of £93,447.20. Also, insider Katie Bickerstaffe purchased 5,534 shares of the firm’s stock in a transaction on Wednesday, January 14th. The stock was acquired at an average cost of GBX 309 per share, with a total value of £17,100.06. Company insiders own 0.42% 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.