J Sainsbury (LON:SBRY) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

by · The Cerbat Gem

J Sainsbury plc (LON:SBRY – Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 309.75 and traded as high as GBX 325. J Sainsbury shares last traded at GBX 321.80, with a volume of 363,659,719 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SBRY shares. Shore Capital reiterated a “house stock” rating on shares of J Sainsbury in a research note on Thursday, November 6th. JPMorgan Chase & Co. dropped their price objective on shares of J Sainsbury from GBX 355 to GBX 350 and set an “overweight” rating on the stock in a report on Friday, December 5th. Finally, Citigroup reduced their target price on shares of J Sainsbury from GBX 338 to GBX 333 and set a “neutral” rating for the company in a research note on Monday, November 10th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, J Sainsbury has an average rating of “Moderate Buy” and a consensus target price of GBX 329.33.

Check Out Our Latest Stock Analysis on J Sainsbury

J Sainsbury Trading Down 0.6%

The firm’s 50 day moving average is GBX 330.81 and its 200 day moving average is GBX 309.87. The company has a debt-to-equity ratio of 95.36, a current ratio of 0.66 and a quick ratio of 0.53. The company has a market cap of £7.22 billion, a PE ratio of 22.82, a PEG ratio of 0.42 and a beta of 0.67.

J Sainsbury (LON:SBRY – Get Free Report) last announced its quarterly earnings results on Thursday, November 6th. The grocer reported GBX 10.30 EPS for the quarter. J Sainsbury had a net margin of 0.42% and a return on equity of 1.94%. On average, equities analysts anticipate that J Sainsbury plc will post 25.7241977 earnings per share for the current year.

Insider Buying and Selling at J Sainsbury

In other J Sainsbury news, insider Katie Bickerstaffe purchased 2,889 shares of the stock in a transaction on 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 J Sainsbury stock in a transaction dated Monday, November 17th. The shares were sold at an average price of GBX 320, for a total value of £720,000. 0.41% of the stock is currently owned by company insiders.

About J Sainsbury

(Get Free Report)

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.

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