J Sainsbury (LON:SBRY) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

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 292.05 ($3.90) and traded as high as GBX 338 ($4.52). J Sainsbury shares last traded at GBX 338 ($4.52), with a volume of 3,560,991 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SBRY. Royal Bank Of Canada upped their target price on shares of J Sainsbury from GBX 300 to GBX 305 and gave the company an “outperform” rating in a report on Friday, July 4th. Shore Capital reissued a “house stock” rating on shares of J Sainsbury in a report on Tuesday, September 23rd. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of GBX 305.

J Sainsbury Price Performance

The company’s fifty day moving average price is GBX 317.74 and its 200 day moving average price is GBX 292.05. The company has a market capitalization of £7.64 billion, a P/E ratio of 33.25, a PEG ratio of 0.42 and a beta of 0.67. The company has a quick ratio of 0.53, a current ratio of 0.66 and a debt-to-equity ratio of 95.36.

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.