J Sainsbury (LON:SBRY) Shares Cross Above 200 Day Moving Average – What’s Next?

Shares of J Sainsbury plc (LON:SBRY) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 274.47 ($3.56) and traded as high as GBX 278.60 ($3.62). J Sainsbury shares last traded at GBX 275.60 ($3.58), with a volume of 5,122,637 shares changing hands.

Wall Street Analyst Weigh In

SBRY has been the subject of several analyst reports. Jefferies Financial Group restated a “buy” rating and set a GBX 300 ($3.90) target price on shares of J Sainsbury in a research report on Tuesday, July 2nd. Shore Capital reissued a “house stock” rating on shares of J Sainsbury in a report on Thursday, September 19th. Finally, JPMorgan Chase & Co. restated an “underweight” rating on shares of J Sainsbury in a research note on Friday, June 28th.

J Sainsbury Stock Down 0.4 %

The company has a market cap of £6.36 billion, a P/E ratio of 4,564.68, a PEG ratio of 0.42 and a beta of 0.67. 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 business’s 50 day moving average price is GBX 287.44 and its 200-day moving average price is GBX 274.47.

About J Sainsbury

J Sainsbury plc, together with its subsidiaries, engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom and the Republic of Ireland. It operates through three segments: Retail Food, Retail General Merchandise and Clothing, and Financial Services.