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

J Sainsbury plc (LON:SBRYGet Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 327.75 and traded as high as GBX 340. J Sainsbury shares last traded at GBX 337.80, with a volume of 6,903,089 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SBRY. UBS Group reaffirmed a “buy” rating and set a GBX 395 target price on shares of J Sainsbury in a research note on Friday, June 26th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 360 price target on shares of J Sainsbury in a research report on Wednesday, July 1st. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 375 price target on shares of J Sainsbury in a research note on Thursday, July 2nd. Citigroup cut their price objective on J Sainsbury from GBX 3,350 to GBX 3,300 and set a “neutral” rating on the stock in a research report on Tuesday, June 9th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a GBX 310 price objective on shares of J Sainsbury in a research note on Wednesday, July 1st. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 847.50.

Read Our Latest Analysis on SBRY

J Sainsbury Price Performance

The stock’s 50 day moving average is GBX 312.93 and its two-hundred day moving average is GBX 327.85. The stock has a market capitalization of £7.50 billion, a PE ratio of 20.21, a price-to-earnings-growth ratio of 0.42 and a beta of 1.00. The company has a debt-to-equity ratio of 107.33, a current ratio of 0.56 and a quick ratio of 0.53.

J Sainsbury (LON:SBRYGet Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The grocer reported GBX 22.30 earnings per share for the quarter. The business had revenue of GBX 3,364.70 billion for the quarter. J Sainsbury had a net margin of 1.14% and a return on equity of 6.12%. As a group, sell-side analysts forecast that J Sainsbury plc will post 25.7241977 earnings per share for the current fiscal year.

Insider Buying and Selling at J Sainsbury

In other news, insider Simon Roberts sold 197,186 shares of the company’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of GBX 328, for a total transaction of £646,770.08. Also, insider Bl á thnaid Bergin sold 110,092 shares of the stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of GBX 328, for a total value of £361,101.76. 0.44% of the stock is owned by insiders.

About J Sainsbury

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for J Sainsbury Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J Sainsbury and related companies with MarketBeat.com's FREE daily email newsletter.