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

J Sainsbury plc (LON:SBRY)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 333.16 and traded as high as GBX 356.90. J Sainsbury shares last traded at GBX 351.60, with a volume of 740,901,625 shares.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Citigroup dropped 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 restated a “hold” rating and issued a GBX 310 price objective on shares of J Sainsbury in a report on Tuesday, March 10th. Finally, JPMorgan Chase & Co. lowered their price objective 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. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 330.

J Sainsbury Price Performance

The company has a quick ratio of 0.53, a current ratio of 0.62 and a debt-to-equity ratio of 102.27. The company’s fifty day simple moving average is GBX 345.21 and its 200 day simple moving average is GBX 333.31. The firm has a market capitalization of £7.86 billion, a PE ratio of 24.94, a price-to-earnings-growth ratio of 0.42 and a beta of 1.09.

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.