J Sainsbury (LON:SBRY) Stock Breaks Above 200-Day Moving Average – Should You Sell?

J Sainsbury plc (LON:SBRY)’s stock price crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of GBX 331.40 and traded as high as GBX 342.10. J Sainsbury shares last traded at GBX 340.20, with a volume of 7,224,700 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SBRY. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 390 price target on shares of J Sainsbury in a research report on Tuesday, October 6th. Shore Capital Group reaffirmed a “house stock” rating on shares of J Sainsbury in a research report on Friday, July 31st. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 375 price objective on shares of J Sainsbury in a research note on Thursday, July 2nd. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 310 target price on shares of J Sainsbury in a research report on Wednesday, July 1st. Finally, Citigroup increased their target price on shares of J Sainsbury from GBX 330 to GBX 346 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 360.17.

J Sainsbury Trading Up 1.9%

The company has a fifty day simple moving average of GBX 336.20 and a two-hundred day simple moving average of GBX 331.50. 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 company has a market capitalization of £7.64 billion, a P/E ratio of 20.76, a price-to-earnings-growth ratio of 0.42 and a beta of 1.00.

Insider Buying and Selling at J Sainsbury

In related news, insider Simon Roberts sold 346,154 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of GBX 333, for a total value of £1,152,692.82. Insiders own 0.47% 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.