J Sainsbury (LON:SBRY) Stock Passes Above 200-Day Moving Average of $265.75

J Sainsbury plc (LON:SBRY) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 265.75 ($3.50) and traded as high as GBX 291.20 ($3.84). J Sainsbury shares last traded at GBX 290.20 ($3.83), with a volume of 5,240,837 shares.

Analysts Set New Price Targets

Several equities analysts have weighed in on SBRY shares. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of J Sainsbury in a research report on Friday, June 28th. Shore Capital reiterated a “house stock” rating on shares of J Sainsbury in a research report on Tuesday, July 2nd. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 300 ($3.96) price objective on shares of J Sainsbury in a research report on Tuesday, July 2nd.

J Sainsbury Stock Performance

The firm’s fifty day moving average price is GBX 270.44 and its 200 day moving average price is GBX 265.75. The company has a current ratio of 0.66, a quick ratio of 0.53 and a debt-to-equity ratio of 95.36. The firm has a market capitalization of £6.76 billion, a PE ratio of 4,836.67, a PEG ratio of 0.40 and a beta of 0.68.

About J Sainsbury

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.