J Sainsbury (LON:SBRY) Stock Price Crosses Above 200 Day Moving Average of $265.76

J Sainsbury plc (LON:SBRY)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 265.76 ($3.44) and traded as high as GBX 275.60 ($3.56). J Sainsbury shares last traded at GBX 274.60 ($3.55), with a volume of 4,018,354 shares.

Wall Street Analyst Weigh In

SBRY has been the subject of several analyst reports. Shore Capital restated a “house stock” rating on shares of J Sainsbury in a report on Tuesday, July 2nd. Jefferies Financial Group reissued a “buy” rating and issued a GBX 300 ($3.88) price objective on shares of J Sainsbury in a report on Tuesday, July 2nd. Finally, JPMorgan Chase & Co. reissued an “underweight” rating on shares of J Sainsbury in a research note on Friday, June 28th.

J Sainsbury Trading Up 1.7 %

The company has a debt-to-equity ratio of 96.62, a current ratio of 0.66 and a quick ratio of 0.53. The business has a 50-day simple moving average of GBX 266.94 and a two-hundred day simple moving average of GBX 265.48. The stock has a market cap of £6.48 billion, a price-to-earnings ratio of 4,576.67, a P/E/G ratio of 0.39 and a beta of 0.66.

Insider Transactions at J Sainsbury

In other J Sainsbury news, insider Simon Roberts sold 189,648 shares of J Sainsbury stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of GBX 263 ($3.40), for a total transaction of £498,774.24 ($645,077.91). 5.37% of the stock is currently owned by corporate insiders.

About J Sainsbury

J Sainsbury plc, together with its subsidiaries, engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom and the Republic of Ireland. It operates through three segments: Retail Food, Retail General Merchandise and Clothing, and Financial Services.