J Sainsbury (LON:SBRY) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

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 GBX 307.35 and traded as high as GBX 330.80. J Sainsbury shares last traded at GBX 322.20, with a volume of 3,716,204 shares trading hands.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their target price on shares of J Sainsbury from GBX 363 to GBX 355 and set an “overweight” rating for the company in a research report on Monday, November 10th. Shore Capital restated a “house stock” rating on shares of J Sainsbury in a research note on Thursday, November 6th. Finally, Citigroup lowered their price objective on J Sainsbury from GBX 338 to GBX 333 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 331.

J Sainsbury Trading Down 2.1%

The company has a current ratio of 0.66, a quick ratio of 0.53 and a debt-to-equity ratio of 95.36. The company has a fifty day moving average price of GBX 333.24 and a two-hundred day moving average price of GBX 307.59. The firm has a market capitalization of £7.26 billion, a price-to-earnings ratio of 31.59, a PEG ratio of 0.42 and a beta of 0.67.

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

Insider Activity

In other news, insider Katie Bickerstaffe purchased 2,889 shares of the stock in a transaction dated Monday, November 10th. The shares were purchased at an average price of GBX 344 per share, with a total value of £9,938.16. Also, insider Bl á thnaid Bergin sold 225,000 shares of the firm’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of GBX 320, for a total transaction of £720,000. Insiders own 0.42% of the company’s stock.

About J Sainsbury

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.