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

J Sainsbury plc (LON:SBRY) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 304.55 and traded as high as GBX 323.80. J Sainsbury shares last traded at GBX 318.20, with a volume of 7,148,984 shares trading hands.

Analysts Set New Price Targets

A number of brokerages have weighed in on SBRY. Citigroup dropped their target price on shares of J Sainsbury from GBX 338 to GBX 333 and set a “neutral” rating for the company in a research note on Monday, November 10th. Shore Capital reissued a “house stock” rating on shares of J Sainsbury in a report on Thursday, November 6th. Finally, JPMorgan Chase & Co. reduced their price objective on J Sainsbury from GBX 363 to GBX 355 and set an “overweight” rating on the stock in a report on Monday, November 10th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 331.

J Sainsbury Trading Up 0.4%

The company has a market capitalization of £7.20 billion, a P/E ratio of 31.33, a PEG ratio of 0.42 and a beta of 0.67. The business has a 50 day moving average price of GBX 332.35 and a 200 day moving average price of GBX 305.04. The company has a current ratio of 0.66, a quick ratio of 0.53 and a debt-to-equity ratio of 95.36.

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

Insider Buying and Selling

In related news, insider Katie Bickerstaffe acquired 2,889 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The shares were acquired at an average cost of GBX 344 per share, with a total value of £9,938.16. Corporate 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.