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

Key Points

• J Sainsbury's stock price has climbed above its 200-day moving average, last trading at GBX 298.60 ($3.97), indicating potential bullish momentum.
• Analysts from the Royal Bank of Canada have raised their target price for J Sainsbury from GBX 300 ($3.99) to GBX 305 ($4.05), while maintaining an "outperform" rating.
• Insider Simon Roberts sold 578,500 shares at an average price of GBX 284 ($3.77), reflecting active insider trading amid stock fluctuations.

J Sainsbury plc (LON:SBRY - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 267.07 ($3.59) and traded as high as GBX 301.40 ($4.05). J Sainsbury shares last traded at GBX 298.60 ($4.02), with a volume of 5,941,273 shares.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SBRY. Royal Bank Of Canada boosted their price target on J Sainsbury from GBX 300 ($4.03) to GBX 305 ($4.10) and gave the company an "outperform" rating in a report on Friday, July 4th. Shore Capital restated a "house stock" rating on shares of J Sainsbury in a report on Tuesday, July 1st.

J Sainsbury Stock Performance

The company has a market cap of £6.81 billion, a PE ratio of 49.76, 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 has a fifty day moving average of GBX 289.29 and a 200-day moving average of GBX 267.91.

Insider Buying and Selling at J Sainsbury

In other J Sainsbury news, insider Simon Roberts sold 578,500 shares of the company's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of GBX 284 ($3.82), for a total transaction of £1,642,940 ($2,209,737.73). Company insiders own 5.40% of the company's stock.

J Sainsbury Company Profile

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.