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

J Sainsbury plc (LON:SBRY) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 325.88 and traded as high as GBX 343.75. J Sainsbury shares last traded at GBX 343.75, with a volume of 2,061,630 shares.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Citigroup lowered their target price on shares of 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 reduced their price target on J Sainsbury from GBX 330 to GBX 310 and set a “hold” rating on the stock in a research report on Friday, January 16th. JPMorgan Chase & Co. dropped their price objective on J Sainsbury from GBX 350 to GBX 345 and set an “overweight” rating for the company in a report on Monday, January 12th. Finally, Shore Capital Group reissued a “house stock” rating on shares of J Sainsbury in a research note on Thursday, November 6th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 330.

J Sainsbury Trading Up 1.5%

The business has a 50 day simple moving average of GBX 331.57 and a 200-day simple moving average of GBX 326.36. The stock has a market capitalization of £7.75 billion, a price-to-earnings ratio of 24.70, a PEG ratio of 0.42 and a beta of 1.17. The company has a debt-to-equity ratio of 102.27, a current ratio of 0.62 and a quick ratio of 0.53.

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 transaction of £93,447.20. Also, insider Katie Bickerstaffe purchased 5,534 shares of J Sainsbury stock in a transaction dated Wednesday, January 14th. The stock was bought at an average price of GBX 309 per share, with a total value of £17,100.06. Company 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.