J Sainsbury (LON:SBRY) Share Price Passes Above 200-Day Moving Average – Here’s What Happened

Shares of J Sainsbury plc (LON:SBRY) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 329.92 and traded as high as GBX 355.80. J Sainsbury shares last traded at GBX 353.90, with a volume of 6,683,026 shares trading hands.

Analyst Ratings Changes

Several research firms have issued reports on SBRY. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 375 price target on shares of J Sainsbury in a research note on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 360 price objective on shares of J Sainsbury in a research note on Wednesday, July 1st. Shore Capital Group restated a “house stock” rating on shares of J Sainsbury in a research report on Tuesday, June 30th. UBS Group reaffirmed a “buy” rating and issued a GBX 395 target price on shares of J Sainsbury in a research note on Friday, June 26th. Finally, Citigroup reduced their price target on J Sainsbury from GBX 3,350 to GBX 3,300 and set a “neutral” rating on the stock in a research note on Tuesday, June 9th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, J Sainsbury currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 847.50.

J Sainsbury Stock Performance

The company’s fifty day moving average price is GBX 322.98 and its two-hundred day moving average price is GBX 330.14. The company has a debt-to-equity ratio of 107.33, a quick ratio of 0.53 and a current ratio of 0.56. The firm has a market capitalization of £7.81 billion, a PE ratio of 21.06, a price-to-earnings-growth ratio of 0.42 and a beta of 1.00.

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. 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.