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

Shares of J Sainsbury plc (LON:SBRY) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 272.04 ($3.68) and traded as high as GBX 300.20 ($4.06). J Sainsbury shares last traded at GBX 296.60 ($4.01), with a volume of 4,500,542 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SBRY. Shore Capital reissued a “house stock” rating on shares of J Sainsbury in a research report on Tuesday, July 1st. Royal Bank Of Canada boosted their price target on J Sainsbury from GBX 300 to GBX 305 and gave the company an “outperform” rating in a research report on Friday, July 4th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of GBX 305.

J Sainsbury Stock Performance

The company has a quick ratio of 0.53, a current ratio of 0.66 and a debt-to-equity ratio of 95.36. The company has a 50 day moving average of GBX 294.10 and a 200 day moving average of GBX 272.04. The firm has a market cap of £6.87 billion, a price-to-earnings ratio of 50.19, a PEG ratio of 0.42 and a beta of 0.67.

Insider Activity at J Sainsbury

In related news, insider Simon Roberts sold 578,500 shares of the business’s stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of GBX 284, for a total value of £1,642,940. Company insiders own 5.40% 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.