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

Key Points

• Technical breakout: J Sainsbury crossed above its 200-day moving average (GBX 333.16), trading as high as GBX 356.90 and last at GBX 351.60 on volume of 740,901,625 shares.
• Analyst sentiment is cautiously positive: the consensus rating is "Moderate Buy" with an average target of GBX 330, although Citi and JPMorgan trimmed their targets while maintaining buy/overweight stances and Jefferies remains at Hold (GBX 310).
• Key fundamentals: market cap £7.86 billion, P/E 24.94 and P/E/G 0.42, but the company shows low liquidity (current ratio 0.62, quick ratio 0.53) and a high debt-to-equity ratio of 102.27.

J Sainsbury plc (LON:SBRY - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 333.16 and traded as high as GBX 356.90. J Sainsbury shares last traded at GBX 351.60, with a volume of 740,901,625 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Citigroup reduced their target price on J Sainsbury from GBX 366 to GBX 360 and set a "buy" rating on the stock in a report on Monday, January 12th. JPMorgan Chase & Co. dropped their price target on J Sainsbury from GBX 350 to GBX 345 and set an "overweight" rating on the stock in a research report on Monday, January 12th. Finally, Jefferies Financial Group restated a "hold" rating and set a GBX 310 price objective on shares of J Sainsbury in a research note on Tuesday, March 10th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of GBX 330.

J Sainsbury Trading Up 0.9%

The firm has a market cap of £7.86 billion, a P/E ratio of 24.94, a P/E/G ratio of 0.42 and a beta of 1.09. The business's 50-day moving average is GBX 344.87 and its two-hundred day moving average is GBX 333.16. The company has a current ratio of 0.62, a quick ratio of 0.53 and a debt-to-equity ratio of 102.27.

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. Our purpose is that driven by our passion for food, together we serve and help every customer. Our focus on great value food and convenient shopping, whether in-store or online is supported by our brands – Argos, Habitat, Tu, Nectar and Sainsbury's Bank.

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