J Sainsbury (LON:SBRY) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of J Sainsbury plc (LON:SBRY) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 320.60 and traded as high as GBX 338.60. J Sainsbury shares last traded at GBX 337.80, with a volume of 5,156,996 shares.

Analyst Upgrades and Downgrades

SBRY has been the subject of a number of research analyst reports. Shore Capital Group restated a “house stock” rating on shares of J Sainsbury in a research report on Thursday, November 6th. JPMorgan Chase & Co. dropped their target price on shares of J Sainsbury from GBX 350 to GBX 345 and set an “overweight” rating for the company in a report on Monday, January 12th. Jefferies Financial Group cut their price objective on J Sainsbury from GBX 330 to GBX 310 and set a “hold” rating for the company in a research report on Friday, January 16th. Finally, Citigroup lowered their target price on J Sainsbury from GBX 366 to GBX 360 and set a “buy” rating on the stock in a report on Monday, January 12th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, J Sainsbury has a consensus rating of “Moderate Buy” and an average price target of GBX 330.

J Sainsbury Stock Up 1.1%

The firm has a market capitalization of £7.52 billion, a price-to-earnings ratio of 23.96, a P/E/G ratio of 0.42 and a beta of 0.67. The stock has a 50 day moving average of GBX 321.10 and a 200 day moving average of GBX 320.60. The company has a quick ratio of 0.53, a current ratio of 0.66 and a debt-to-equity ratio of 95.36.

Insider Activity

In other news, insider Katie Bickerstaffe acquired 5,534 shares of the business’s stock in a transaction dated Wednesday, January 14th. The stock was acquired at an average price 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 stock was sold at an average price of GBX 308, for a total value of £93,447.20. 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. 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.