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

Key Points

• J Sainsbury's stock price has recently crossed above its 200-day moving average, reaching up to GBX 311 ($4.20) during trading.
• The company's consensus rating is "Buy" with an average price target increased to GBX 305 by analysts at the Royal Bank of Canada.
• Insider Simon Roberts sold 578,500 shares of J Sainsbury at an average price of GBX 284, totaling approximately £1.64 million.

Shares of J Sainsbury plc (LON:SBRY - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 273.72 ($3.72) and traded as high as GBX 311 ($4.22). J Sainsbury shares last traded at GBX 308.95 ($4.20), with a volume of 1,023,220,938 shares.

Wall Street Analyst Weigh In

SBRY has been the subject of several recent analyst reports. Royal Bank Of Canada boosted their price target on 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 restated a "house stock" rating on shares of J Sainsbury in a research note on Tuesday, July 1st. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, J Sainsbury currently has a consensus rating of "Buy" and a consensus target price of GBX 305.

J Sainsbury Stock Up 1.2%

The company has a fifty day simple moving average of GBX 297.51 and a 200-day simple moving average of GBX 275.25. The company has a quick ratio of 0.53, a current ratio of 0.66 and a debt-to-equity ratio of 95.36. The firm has a market cap of £6.91 billion, a P/E ratio of 3,005.88, a price-to-earnings-growth ratio of 0.42 and a beta of 0.67.

Insider Buying and Selling at J Sainsbury

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