J Sainsbury (LON:SBRY) Shares Pass Above 200-Day Moving Average of $220.12

J Sainsbury plc (LON:SBRY – Get Rating)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 220.12 ($2.66) and traded as high as GBX 269.89 ($3.26). J Sainsbury shares last traded at GBX 265.80 ($3.21), with a volume of 3,834,068 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SBRY. Shore Capital reissued a “house stock” rating on shares of J Sainsbury in a report on Friday, January 27th. Barclays reaffirmed an “overweight” rating and set a GBX 280 ($3.38) price target on shares of J Sainsbury in a research report on Friday, November 4th. Finally, JPMorgan Chase & Co. upped their price target on J Sainsbury from GBX 206 ($2.49) to GBX 213 ($2.57) and gave the stock an “underweight” rating in a research report on Thursday, January 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of GBX 233.25 ($2.81).

J Sainsbury Stock Down 0.9 %

The company has a current ratio of 0.70, a quick ratio of 0.53 and a debt-to-equity ratio of 92.36. The stock has a market cap of £6.25 billion, a P/E ratio of 1,063.20, a PEG ratio of 1.46 and a beta of 0.65. The firm has a 50-day simple moving average of GBX 248.72 and a two-hundred day simple moving average of GBX 220.12.

J Sainsbury Company Profile

(Get Rating)

J Sainsbury plc, together with its subsidiaries, engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom and the Republic of Ireland. It operates through three segments: Retail – Food, Retail – General Merchandise and Clothing, and Financial Services.