J Sainsbury (LON:SBRY) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

J Sainsbury plc (LON:SBRY) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 327.75 and traded as high as GBX 340. J Sainsbury shares last traded at GBX 337.80, with a volume of 6,903,089 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Citigroup decreased their price target on shares of J Sainsbury from GBX 3,350 to GBX 3,300 and set a “neutral” rating for the company in a research note on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 360 price objective on shares of J Sainsbury in a research report on Wednesday, July 1st. Shore Capital Group restated a “house stock” rating on shares of J Sainsbury in a report on Tuesday, June 30th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 310 target price on shares of J Sainsbury in a research report on Wednesday, July 1st. Finally, UBS Group reiterated a “buy” rating and issued a GBX 395 price target on shares of J Sainsbury in a research note on Friday, June 26th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 847.50.

J Sainsbury Stock Performance

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 stock’s fifty day moving average is GBX 312.65 and its two-hundred day moving average is GBX 327.75. The firm has a market capitalization of £7.41 billion, a price-to-earnings ratio of 19.99, a P/E/G ratio of 0.42 and a beta of 1.00.

J Sainsbury (LON:SBRY) last announced its quarterly earnings results on Thursday, April 23rd. The grocer reported GBX 22.30 EPS for the quarter. The firm had revenue of GBX 3,364.70 billion during the quarter. J Sainsbury had a net margin of 1.14% and a return on equity of 6.12%. On average, analysts predict that J Sainsbury plc will post 25.7241977 earnings per share for the current year.

Insider Transactions at J Sainsbury

In other news, insider Katie Bickerstaffe bought 4,297 shares of the company’s stock in a transaction dated Friday, April 24th. The shares were bought at an average cost of GBX 347 per share, with a total value of £14,910.59. Also, insider Simon Roberts sold 197,186 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of GBX 328, for a total transaction of £646,770.08. 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.