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

J Sainsbury plc (LON:SBRY)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 328.80 and traded as high as GBX 360.90. J Sainsbury shares last traded at GBX 358.84, with a volume of 13,637,116 shares changing hands.

Analyst Ratings Changes

SBRY has been the topic of several analyst reports. Citigroup lowered their target price on shares of J Sainsbury from GBX 3,350 to GBX 3,300 and set a “neutral” rating on the stock in a research report on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 360 price target on shares of J Sainsbury in a research report on Wednesday, July 1st. UBS Group restated a “buy” rating and set a GBX 395 target price on shares of J Sainsbury in a research note on Friday, June 26th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 310 price target on shares of J Sainsbury in a research report on Wednesday, July 1st. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 375 price target on shares of J Sainsbury in a report on Thursday, July 2nd. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 847.50.

J Sainsbury Stock Up 1.5%

The company has a current ratio of 0.56, a quick ratio of 0.53 and a debt-to-equity ratio of 107.33. The business’s fifty day moving average price is GBX 315.80 and its 200 day moving average price is GBX 328.80. The company has a market capitalization of £7.88 billion, a P/E ratio of 21.23, a P/E/G ratio of 0.42 and a beta of 1.00.

J Sainsbury (LON:SBRY) last posted its earnings results on Thursday, April 23rd. The grocer reported GBX 22.30 earnings per share for the quarter. The business had revenue of GBX 3,364.70 billion for the quarter. J Sainsbury had a net margin of 1.14% and a return on equity of 6.12%. As a group, equities research analysts predict that J Sainsbury plc will post 25.7241977 earnings per share for the current fiscal year.

Insider Activity at J Sainsbury

In other J Sainsbury news, insider Simon Roberts sold 197,186 shares of the stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of GBX 328, for a total transaction of £646,770.08. Also, insider Katie Bickerstaffe acquired 4,297 shares of the business’s stock in a transaction on Friday, April 24th. The shares were bought at an average cost of GBX 347 per share, with a total value of £14,910.59. 0.44% of the stock is 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.