J Sainsbury (LON:SBRY) Shares Cross Above 200-Day Moving Average – Here’s What Happened

J Sainsbury plc (LON:SBRY)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 333.18 and traded as high as GBX 345.50. J Sainsbury shares last traded at GBX 343.80, with a volume of 6,583,181 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 360 price target on shares of J Sainsbury in a research report on Monday, August 3rd. UBS Group restated a “buy” rating and set a GBX 395 price objective on shares of J Sainsbury in a research note on Friday, June 26th. Citigroup boosted their price objective on J Sainsbury from GBX 330 to GBX 346 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 310 target price on shares of J Sainsbury in a research report on Wednesday, July 1st. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 375 target price on shares of J Sainsbury in a research note on Thursday, July 2nd. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 355.17.

J Sainsbury Price Performance

The company has a debt-to-equity ratio of 107.33, a quick ratio of 0.53 and a current ratio of 0.56. The stock has a market cap of £7.50 billion, a price-to-earnings ratio of 20.34, a price-to-earnings-growth ratio of 0.42 and a beta of 1.01. The business’s fifty day simple moving average is GBX 334.33 and its 200 day simple moving average is GBX 333.18.

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.