J Sainsbury (LON:SBRY) Shares Pass Above 200-Day Moving Average of $271.60

Shares of J Sainsbury plc (LON:SBRY) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 271.60 ($3.64) and traded as high as GBX 299.80 ($4.01). J Sainsbury shares last traded at GBX 293.60 ($3.93), with a volume of 6,077,760 shares changing hands.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Shore Capital reiterated a “house stock” rating on shares of J Sainsbury in a research report on Thursday, September 19th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 300 ($4.02) price objective on shares of J Sainsbury in a report on Tuesday, July 2nd. Finally, JPMorgan Chase & Co. reissued an “underweight” rating on shares of J Sainsbury in a report on Friday, June 28th.

J Sainsbury Price Performance

The company’s 50 day moving average price is GBX 283.86 and its 200 day moving average price is GBX 271.60. The company has a debt-to-equity ratio of 95.36, a quick ratio of 0.53 and a current ratio of 0.66. The company has a market cap of £6.99 billion, a price-to-earnings ratio of 4,893.33, a P/E/G ratio of 0.42 and a beta of 0.67.

About J Sainsbury

J Sainsbury plc, together with its subsidiaries, engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom and the Republic of Ireland. It operates through three segments: Retail Food, Retail General Merchandise and Clothing, and Financial Services.