J Sainsbury (LON:SBRY) Stock Price Crosses Above 200-Day Moving Average - Time to Sell?

Key Points

• J Sainsbury's stock price recently exceeded its 200-day moving average of GBX 268.57, trading as high as GBX 298.80.
• Royal Bank of Canada has increased its price target for J Sainsbury shares from GBX 300 to GBX 305 while maintaining an "outperform" rating.
• Insider Simon Roberts sold 578,500 shares at an average price of GBX 284, indicating some movement among the company's internal stakeholders.

J Sainsbury plc (LON:SBRY - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 268.57 ($3.63) and traded as high as GBX 298.80 ($4.04). J Sainsbury shares last traded at GBX 298.40 ($4.04), with a volume of 3,895,485 shares.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports 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 target on shares of J Sainsbury from GBX 300 ($4.06) to GBX 305 ($4.13) and gave the stock an "outperform" rating in a research note on Friday, July 4th.

J Sainsbury Price Performance

The business's fifty day moving average price is GBX 290.45 and its 200 day moving average price is GBX 269.07. The firm has a market capitalization of £6.84 billion, a price-to-earnings ratio of 49.99, a PEG ratio of 0.42 and a beta of 0.67. The company has a current ratio of 0.66, a quick ratio of 0.53 and a debt-to-equity ratio of 95.36.

Insider Activity at J Sainsbury

In other news, insider Simon Roberts sold 578,500 shares of J Sainsbury stock in a transaction on Thursday, July 10th. The shares were sold at an average price of GBX 284 ($3.84), for a total value of £1,642,940 ($2,222,892.71). 5.40% of the stock is owned by 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.