J Sainsbury (LON:SBRY) Shares Pass Above 200-Day Moving Average - Here's What Happened

J Sainsbury plc (LON:SBRY - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 257.48 ($3.43) and traded as high as GBX 281.40 ($3.75). J Sainsbury shares last traded at GBX 269.80 ($3.59), with a volume of 7,970,974 shares changing hands.

Analysts Set New Price Targets

Separately, Shore Capital reiterated a "house stock" rating on shares of J Sainsbury in a research report on Thursday, April 17th.

J Sainsbury Trading Up 0.7%

The stock has a fifty day moving average of GBX 250.24 and a 200-day moving average of GBX 257.73. The company has a market cap of £6.44 billion, a PE ratio of 47.06, a PEG ratio of 0.42 and a beta of 0.67. The company has a debt-to-equity ratio of 95.36, a quick ratio of 0.53 and a current ratio of 0.66.

J Sainsbury (LON:SBRY - Get Free Report) last issued its earnings results on Thursday, April 17th. The grocer reported GBX 23.10 ($0.31) earnings per share (EPS) for the quarter. J Sainsbury had a net margin of 0.42% and a return on equity of 1.94%. Sell-side analysts anticipate that J Sainsbury plc will post 25.7241977 EPS for the current fiscal year.

Insider Buying and Selling at J Sainsbury

In other J Sainsbury news, insider Simon Roberts sold 468,427 shares of the stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of GBX 277 ($3.69), for a total transaction of £1,297,542.79 ($1,726,833.63). Also, insider Bl á thnaid Bergin sold 41,221 shares of the firm's stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of GBX 260 ($3.46), for a total transaction of £107,174.60 ($142,633.22). 5.40% of the stock is currently owned by corporate insiders.

About J Sainsbury

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.