J Sainsbury (LON:SBRY) Stock Crosses Above 200 Day Moving Average of $211.18

Shares of J Sainsbury plc (LON:SBRY) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $211.18 and traded as high as $222.40. J Sainsbury shares last traded at $221.40, with a volume of 8,703,767 shares changing hands.

Several brokerages have commented on SBRY. Deutsche Bank reissued a “hold” rating on shares of J Sainsbury in a research report on Friday, July 12th. UBS Group reaffirmed a “neutral” rating on shares of J Sainsbury in a research report on Tuesday, July 2nd. Shore Capital reaffirmed a “sell” rating on shares of J Sainsbury in a research report on Monday, August 19th. Morgan Stanley initiated coverage on shares of J Sainsbury in a research report on Monday, June 17th. They set an “equal weight” rating and a GBX 215 ($2.81) price objective for the company. Finally, Barclays cut shares of J Sainsbury to an “equal weight” rating and decreased their price objective for the stock from GBX 340 ($4.44) to GBX 250 ($3.27) in a research report on Tuesday, July 16th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of GBX 232.36 ($3.04).

The company has a debt-to-equity ratio of 24.73, a current ratio of 0.67 and a quick ratio of 0.46. The company has a market capitalization of $4.90 billion and a price-to-earnings ratio of 24.88. The business’s 50 day simple moving average is GBX 195.76 and its 200 day simple moving average is GBX 211.18.

J Sainsbury Company Profile (LON:SBRY)

J Sainsbury plc, together with its subsidiaries, engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom. It operates through four segments: Retail – Food; Retail – General Merchandise and Clothing; Financial Services; and Property Investment.

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