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

J Sainsbury plc (LON:SBRY - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 259.81 ($3.46) and traded as high as GBX 262 ($3.49). J Sainsbury shares last traded at GBX 261.20 ($3.48), with a volume of 13,336,922 shares trading hands.

Analysts Set New Price Targets

Several analysts have commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of J Sainsbury from GBX 310 ($4.13) to GBX 305 ($4.06) and set an "overweight" rating on the stock in a research note on Monday, January 13th. Shore Capital reissued a "house stock" rating on shares of J Sainsbury in a research note on Thursday, April 17th.

J Sainsbury Stock Performance

The business's fifty day moving average price is GBX 246.53 and its two-hundred day moving average price is GBX 258.48. The company has a debt-to-equity ratio of 95.36, a quick ratio of 0.53 and a current ratio of 0.66. The stock has a market capitalization of £6.16 billion, a P/E ratio of 45.00, a P/E/G ratio of 0.42 and a beta of 0.67.

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

Insider Buying and Selling

In other news, insider Bl á thnaid Bergin sold 41,221 shares of the company's stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of GBX 260 ($3.46), for a total transaction of £107,174.60 ($142,804.26). 5.40% of the stock is 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.