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

Key Points

• J Sainsbury shares surpassed their 200-day moving average of GBX 288.16, reaching a high of GBX 336.61 during trading.
• Equities analysts have a consensus rating of "Buy" for J Sainsbury, with an average price target of GBX 305, recently updated by the Royal Bank of Canada.
• The company has a market capitalization of £7.54 billion and is recognized as one of the UK's leading food and retail companies.

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 288.16 ($3.84) and traded as high as GBX 336.61 ($4.49). J Sainsbury shares last traded at GBX 334.60 ($4.46), with a volume of 3,525,149 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Shore Capital reiterated a "house stock" rating on shares of J Sainsbury in a research note on Tuesday, September 23rd. Royal Bank Of Canada lifted their price target on shares of J Sainsbury from GBX 300 to GBX 305 and gave the stock an "outperform" rating in a report on Friday, July 4th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, J Sainsbury presently has a consensus rating of "Buy" and an average price target of GBX 305.

J Sainsbury Stock Up 0.6%

The firm has a market capitalization of £7.54 billion, a PE ratio of 3,280.39, a price-to-earnings-growth ratio of 0.42 and a beta of 0.67. The company has a quick ratio of 0.53, a current ratio of 0.66 and a debt-to-equity ratio of 95.36. The company's fifty day simple moving average is GBX 312.80 and its 200 day simple moving average is GBX 288.16.

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.

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