J Sainsbury (LON:SBRY) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

J Sainsbury plc (LON:SBRY)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 273.72 ($3.70) and traded as high as GBX 311 ($4.20). J Sainsbury shares last traded at GBX 308.95 ($4.17), with a volume of 1,023,220,938 shares.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SBRY shares. Royal Bank Of Canada upped their target price on shares of J Sainsbury from GBX 300 to GBX 305 and gave the company an “outperform” rating in a report on Friday, July 4th. Shore Capital reaffirmed a “house stock” rating on shares of J Sainsbury in a report on Tuesday, July 1st. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of GBX 305.

J Sainsbury Stock Performance

The firm has a market cap of £6.97 billion, a P/E ratio of 3,028.96, a P/E/G ratio of 0.42 and a beta of 0.67. The company has a debt-to-equity ratio of 95.36, a quick ratio of 0.53 and a current ratio of 0.66. The company’s 50 day moving average is GBX 295.73 and its 200 day moving average is GBX 273.72.

Insider Activity

In other news, insider Simon Roberts sold 578,500 shares of the stock in a transaction on Thursday, July 10th. The shares were sold at an average price of GBX 284, for a total transaction of £1,642,940. Insiders own 0.42% of the company’s stock.

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.