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

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 259.81 ($3.47) and traded as high as GBX 262 ($3.49). J Sainsbury shares last traded at GBX 261.20 ($3.48), with a volume of 13,336,922 shares trading hands.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. cut their price objective on shares of J Sainsbury from GBX 310 ($4.13) to GBX 305 ($4.07) and set an “overweight” rating on the stock in a report on Monday, January 13th. Shore Capital reiterated a “house stock” rating on shares of J Sainsbury in a research note on Thursday, April 17th.

J Sainsbury Price Performance

The firm has a market cap of £6.03 billion, a PE ratio of 44.05, a price-to-earnings-growth ratio of 0.42 and a beta of 0.67. The stock has a 50 day moving average price of GBX 245.59 and a two-hundred day moving average price of GBX 259.81. The company has a quick ratio of 0.53, a current ratio of 0.66 and a debt-to-equity ratio of 95.36.

J Sainsbury (LON:SBRY) last announced its quarterly earnings results on Thursday, April 17th. The grocer reported GBX 23.10 ($0.31) earnings per share for the quarter. J Sainsbury had a net margin of 0.42% and a return on equity of 1.94%. As a group, equities analysts expect that J Sainsbury plc will post 25.7241977 earnings per share for the current year.

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.