J Sainsbury (LON:SBRY) Stock Passes Above 200 Day Moving Average – Time to Sell?

J Sainsbury plc (LON:SBRY)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 329.07 and traded as high as GBX 354.20. J Sainsbury shares last traded at GBX 353.28, with a volume of 22,211,297 shares.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SBRY shares. JPMorgan Chase & Co. decreased their target price on J Sainsbury from GBX 350 to GBX 345 and set an “overweight” rating for the company in a research report on Monday, January 12th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 310 price target on shares of J Sainsbury in a research report on Tuesday, March 10th. Finally, Citigroup reduced their price objective on shares of J Sainsbury from GBX 366 to GBX 360 and set a “buy” rating on the stock in a research note on Monday, January 12th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, J Sainsbury presently has an average rating of “Moderate Buy” and an average target price of GBX 330.

J Sainsbury Stock Up 0.4%

The stock has a fifty day moving average price of GBX 334.50 and a two-hundred day moving average price of GBX 329.07. The company has a market cap of £7.86 billion, a price-to-earnings ratio of 25.06, a P/E/G ratio of 0.42 and a beta of 1.18. The company has a quick ratio of 0.53, a current ratio of 0.62 and a debt-to-equity ratio of 102.27.

Insider Activity at J Sainsbury

In other J Sainsbury news, insider Simon Roberts sold 30,340 shares of the firm’s stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of GBX 308, for a total value of £93,447.20. Also, insider Katie Bickerstaffe purchased 5,534 shares of the stock in a transaction dated Wednesday, January 14th. The shares were bought at an average price of GBX 309 per share, with a total value of £17,100.06. Insiders own 0.42% of the company’s stock.

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.