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

J Sainsbury logo with Consumer Defensive background

J Sainsbury plc (LON:SBRY - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Royal Bank Of Canada upped their target price on shares of J Sainsbury from GBX 300 to GBX 305 and gave the stock an "outperform" rating in a research note on Friday, July 4th. Shore Capital reaffirmed a "house stock" rating on shares of J Sainsbury in a research note on Tuesday, September 23rd. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of GBX 305.

Check Out Our Latest Analysis on SBRY

J Sainsbury Stock Performance

The stock's 50 day moving average price is GBX 317.74 and its 200 day moving average price is GBX 292.05. The company has a current ratio of 0.66, a quick ratio of 0.53 and a debt-to-equity ratio of 95.36. The company has a market capitalization of £7.64 billion, a price-to-earnings ratio of 33.25, a P/E/G ratio of 0.42 and a beta of 0.67.

J Sainsbury Company Profile

(Get Free Report)

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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