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

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)'s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 267.07 ($3.55) and traded as high as GBX 301.40 ($4.01). J Sainsbury shares last traded at GBX 298.60 ($3.97), with a volume of 5,941,273 shares changing hands.

Analyst Upgrades and Downgrades

SBRY has been the subject of several analyst reports. Shore Capital restated a "house stock" rating on shares of J Sainsbury in a report on Tuesday, July 1st. Royal Bank Of Canada increased their target price on J Sainsbury from GBX 300 ($3.99) to GBX 305 ($4.05) and gave the company an "outperform" rating in a report on Friday, July 4th.

J Sainsbury Price Performance

The company has a market capitalization of £6.84 billion, a PE ratio of 49.99, a PEG ratio of 0.42 and a beta of 0.67. The firm has a fifty day moving average of GBX 288.55 and a two-hundred day moving average of GBX 267.07. The company has a current ratio of 0.66, a quick ratio of 0.53 and a debt-to-equity ratio of 95.36.

Insiders Place Their Bets

In related news, insider Simon Roberts sold 578,500 shares of the stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of GBX 284 ($3.77), for a total transaction of £1,642,940 ($2,183,599.15). 5.40% of the stock is owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.