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

Key Points

• J Sainsbury's shares have risen above their 200-day moving average, trading at GBX 296.60 ($4.01) after hitting a high of GBX 300.20 ($4.06).
• Analysts have issued a consensus Buy rating for J Sainsbury, with a boosted price target of GBX 305 from Royal Bank of Canada.
• Insider Simon Roberts sold 578,500 shares on July 10th at an average price of GBX 284, raising concerns about insider activity.

J Sainsbury plc (LON:SBRY - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 272.04 ($3.67) and traded as high as GBX 300.20 ($4.05). J Sainsbury shares last traded at GBX 296.60 ($4.01), with a volume of 4,500,542 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Shore Capital reiterated a "house stock" rating on shares of J Sainsbury in a research note on Tuesday, July 1st. Royal Bank Of Canada lifted their price objective on shares of J Sainsbury from GBX 300 to GBX 305 and gave the company an "outperform" rating in a research note on Friday, July 4th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, J Sainsbury currently has an average rating of "Buy" and a consensus target price of GBX 305.

J Sainsbury Stock Up 0.9%

The firm has a market cap of £6.75 billion, a P/E ratio of 2,935.29, a price-to-earnings-growth ratio of 0.42 and a beta of 0.67. The stock's 50 day simple moving average is GBX 294.36 and its 200 day simple moving average is GBX 272.42. The company has a debt-to-equity ratio of 95.36, a quick ratio of 0.53 and a current ratio of 0.66.

Insider Buying and Selling

In other J Sainsbury news, insider Simon Roberts sold 578,500 shares of the business's stock in a transaction on Thursday, July 10th. The shares were sold at an average price of GBX 284, for a total transaction of £1,642,940. Company insiders own 0.42% of the company's stock.

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.