J Sainsbury (LON:SBRY) Shares Cross Above 200-Day Moving Average – Time to Sell?

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 333.60 and traded as high as GBX 340.90. J Sainsbury shares last traded at GBX 340.90, with a volume of 5,200,828 shares.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Citigroup raised their target price on shares of J Sainsbury from GBX 330 to GBX 346 and gave the stock a “neutral” rating in a research report on Friday, August 7th. UBS Group reiterated a “buy” rating and issued a GBX 395 price target on shares of J Sainsbury in a report on Friday, June 26th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 310 price objective on shares of J Sainsbury in a research note on Wednesday, July 1st. Royal Bank Of Canada restated an “outperform” rating and set a GBX 375 price objective on shares of J Sainsbury in a report on Thursday, July 2nd. Finally, Shore Capital Group reaffirmed a “house stock” rating on shares of J Sainsbury in a research report on Friday, July 31st. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 355.17.

J Sainsbury Stock Performance

The business has a 50-day moving average price of GBX 342.29 and a 200-day moving average price of GBX 333.60. The company has a quick ratio of 0.53, a current ratio of 0.56 and a debt-to-equity ratio of 107.33. The firm has a market capitalization of £7.44 billion, a price-to-earnings ratio of 20.17, a P/E/G ratio of 0.42 and a beta of 1.01.

Insider Activity at J Sainsbury

In other J Sainsbury news, insider Simon Roberts sold 346,154 shares of J Sainsbury stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of GBX 333, for a total transaction of £1,152,692.82. 0.44% of the stock is owned by company insiders.

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.