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

Shares of J Sainsbury plc (LON:SBRY) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 319.21 and traded as high as GBX 326.40. J Sainsbury shares last traded at GBX 323.51, with a volume of 9,722,710 shares.

Analyst Ratings Changes

A number of brokerages have weighed in on SBRY. Shore Capital reaffirmed a “house stock” rating on shares of J Sainsbury in a research report on Thursday, November 6th. Citigroup cut their price target on J Sainsbury from GBX 366 to GBX 360 and set a “buy” rating for the company in a report on Monday, January 12th. Jefferies Financial Group lowered their target price on shares of J Sainsbury from GBX 330 to GBX 310 and set a “hold” rating on the stock in a research note on Friday, January 16th. Finally, JPMorgan Chase & Co. lowered their price target on J Sainsbury from GBX 350 to GBX 345 and set an “overweight” rating on the stock in a research report on Monday, January 12th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, J Sainsbury currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 330.

J Sainsbury Stock Up 1.7%

The business has a fifty day moving average of GBX 320.18 and a 200 day moving average of GBX 319.21. The company has a quick ratio of 0.53, a current ratio of 0.66 and a debt-to-equity ratio of 95.36. The firm has a market cap of £7.22 billion, a P/E ratio of 22.94, a P/E/G ratio of 0.42 and a beta of 0.67.

J Sainsbury (LON:SBRY) last posted its earnings results on Thursday, November 6th. The grocer reported GBX 10.30 earnings per share (EPS) for the quarter. J Sainsbury had a return on equity of 1.94% and a net margin of 0.42%. On average, equities research analysts predict that J Sainsbury plc will post 25.7241977 EPS for the current year.

Insider Activity at J Sainsbury

In other news, insider Katie Bickerstaffe acquired 5,534 shares of the firm’s stock in a transaction that occurred on Wednesday, January 14th. The stock was acquired at an average cost of GBX 309 per share, for a total transaction of £17,100.06. Also, insider Simon Roberts sold 30,340 shares of J Sainsbury stock in a transaction on Monday, January 12th. The shares were sold at an average price of GBX 308, for a total transaction of £93,447.20. 0.41% of the stock is owned by insiders.

About J Sainsbury

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. Our purpose is that driven by our passion for food, together we serve and help every customer.

Our focus on great value food and convenient shopping, whether in-store or online is supported by our brands – Argos, Habitat, Tu, Nectar and Sainsbury’s Bank.