J Sainsbury (LON:SBRY) Share Price Passes Above 200 Day Moving Average - Should You Sell?

Key Points

• J Sainsbury plc's share price has surpassed its 200-day moving average, indicating potential positive momentum in the stock, which last traded at GBX 321.40 ($4.34).
• Brokerages continue to show confidence, with Royal Bank of Canada raising its price target to GBX 305 and a consensus rating of "Buy" among analysts.
• Insider activity included the sale of 578,500 shares by Simon Roberts at an average price of GBX 284, highlighting significant insider trading behavior.

J Sainsbury plc (LON:SBRY - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 278.75 ($3.77) and traded as high as GBX 324.20 ($4.38). J Sainsbury shares last traded at GBX 321.40 ($4.34), with a volume of 4,955,214 shares traded.

Analyst Ratings Changes

Several brokerages have weighed in on SBRY. Shore Capital restated a "house stock" rating on shares of J Sainsbury in a research note on Monday, September 15th. Royal Bank Of Canada raised their price objective on J Sainsbury from GBX 300 to GBX 305 and gave the company an "outperform" rating in a research note on Friday, July 4th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, J Sainsbury has an average rating of "Buy" and a consensus target price of GBX 305.

J Sainsbury Trading Up 1.4%

The stock has a market capitalization of £7.34 billion, a PE ratio of 3,196.08, a price-to-earnings-growth ratio of 0.42 and a beta of 0.67. The firm has a 50-day moving average price of GBX 302.68 and a 200-day moving average price of GBX 278.75. The company has a current ratio of 0.66, a quick ratio of 0.53 and a debt-to-equity ratio of 95.36.

Insider Activity

In other news, insider Simon Roberts sold 578,500 shares of the firm's stock in a transaction on Thursday, July 10th. The stock was sold at an average price of GBX 284, for a total transaction of £1,642,940. 0.42% of the stock is currently owned by corporate 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.

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