J Sainsbury (LON:SBRY) Stock Price Passes Above 200 Day Moving Average - Here's What Happened

Key Points

• J Sainsbury shares rose above their 200-day moving average on Friday, trading as high as GBX 360.90 and last changing hands at GBX 358.84, up about 1.5% on the day.
• Analyst sentiment remains generally positive, with four Buy ratings and two Hold ratings, and recent targets ranging from GBX 310 to GBX 395; MarketBeat shows a consensus rating of “Moderate Buy.”
• The company’s latest financial metrics were mixed, including a current ratio of 0.56, a quick ratio of 0.53, and debt-to-equity of 107.33, while its last quarterly EPS came in at GBX 22.30.

J Sainsbury plc (LON:SBRY - Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 328.80 and traded as high as GBX 360.90. J Sainsbury shares last traded at GBX 358.84, with a volume of 13,637,116 shares.

Wall Street Analysts Forecast Growth

SBRY has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 360 target price on shares of J Sainsbury in a report on Wednesday, July 1st. Jefferies Financial Group reaffirmed a "hold" rating and set a GBX 310 price target on shares of J Sainsbury in a research report on Wednesday, July 1st. UBS Group reiterated a "buy" rating and issued a GBX 395 price objective on shares of J Sainsbury in a research note on Friday, June 26th. Shore Capital Group reissued a "house stock" rating on shares of J Sainsbury in a report on Tuesday, June 30th. Finally, Royal Bank Of Canada restated an "outperform" rating and set a GBX 375 target price on shares of J Sainsbury in a research report on Thursday, July 2nd. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of GBX 847.50.

J Sainsbury Stock Up 1.5%

The company has a current ratio of 0.56, a quick ratio of 0.53 and a debt-to-equity ratio of 107.33. The company has a 50 day simple moving average of GBX 315.80 and a two-hundred day simple moving average of GBX 328.80. The firm has a market capitalization of £7.88 billion, a P/E ratio of 21.23, a P/E/G ratio of 0.42 and a beta of 1.00.

J Sainsbury (LON:SBRY - Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The grocer reported GBX 22.30 earnings per share (EPS) for the quarter. J Sainsbury had a net margin of 1.14% and a return on equity of 6.12%. The firm had revenue of GBX 3,364.70 billion for the quarter. On average, equities analysts predict that J Sainsbury plc will post 25.7241977 EPS for the current fiscal year.

Insider Buying and Selling at J Sainsbury

In other J Sainsbury news, insider Simon Roberts sold 197,186 shares of J Sainsbury stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of GBX 328, for a total value of £646,770.08. Also, insider Katie Bickerstaffe purchased 4,297 shares of the firm's stock in a transaction on Friday, April 24th. The stock was bought at an average price of GBX 347 per share, for a total transaction of £14,910.59. 0.44% of the stock is currently 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. 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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