J Sainsbury (LON:SBRY) Stock Crosses Above 200-Day Moving Average of $222.34

J Sainsbury plc (LON:SBRY – Get Rating) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 222.34 ($2.71) and traded as high as GBX 261 ($3.18). J Sainsbury shares last traded at GBX 254.30 ($3.10), with a volume of 7,633,569 shares trading hands.

Analysts Set New Price Targets

Several analysts recently commented on SBRY shares. Jefferies Financial Group raised their price objective on shares of J Sainsbury from GBX 230 ($2.80) to GBX 270 ($3.29) and gave the company a “hold” rating in a research note on Monday, March 6th. JPMorgan Chase & Co. lifted their target price on shares of J Sainsbury from GBX 206 ($2.51) to GBX 213 ($2.60) and gave the stock an “underweight” rating in a research report on Thursday, January 5th. Finally, Shore Capital restated a “house stock” rating on shares of J Sainsbury in a research report on Friday, January 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of GBX 248.25 ($3.03).

J Sainsbury Trading Down 2.2 %

The business’s 50-day moving average price is GBX 254.95 and its two-hundred day moving average price is GBX 222.34. The company has a debt-to-equity ratio of 92.36, a current ratio of 0.70 and a quick ratio of 0.53. The firm has a market cap of £5.98 billion, a price-to-earnings ratio of 1,017.20, a price-to-earnings-growth ratio of 1.47 and a beta of 0.66.

About J Sainsbury

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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.