J Sainsbury (LON:SBRY) Stock Passes Above 200 Day Moving Average - Should You Sell?

J Sainsbury plc (LON:SBRY - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 258.11 ($3.43) and traded as high as GBX 269.80 ($3.59). J Sainsbury shares last traded at GBX 263.40 ($3.50), with a volume of 11,964,226 shares.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Shore Capital reaffirmed a "house stock" rating on shares of J Sainsbury in a research note on Thursday, April 17th. JPMorgan Chase & Co. cut their price objective on shares of J Sainsbury from GBX 310 ($4.12) to GBX 305 ($4.05) and set an "overweight" rating on the stock in a research report on Monday, January 13th.

J Sainsbury Price Performance

The firm has a market cap of £6.30 billion, a price-to-earnings ratio of 46.08, a P/E/G 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. The business's 50-day simple moving average is GBX 247.65 and its two-hundred day simple moving average is GBX 257.83.

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

Insider Activity at J Sainsbury

In related news, insider Bl á thnaid Bergin sold 41,221 shares of the stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of GBX 260 ($3.46), for a total value of £107,174.60 ($142,481.52). 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.