J Sainsbury (LON:SBRY) Shares Pass Above 200-Day Moving Average – What’s Next?

J Sainsbury plc (LON:SBRY) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 274.47 ($3.56) and traded as high as GBX 278.60 ($3.62). J Sainsbury shares last traded at GBX 275.60 ($3.58), with a volume of 5,122,637 shares traded.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SBRY. JPMorgan Chase & Co. restated an “underweight” rating on shares of J Sainsbury in a research report on Friday, June 28th. Jefferies Financial Group restated a “buy” rating and issued a GBX 300 ($3.90) price objective on shares of J Sainsbury in a research report on Tuesday, July 2nd. Finally, Shore Capital reaffirmed a “house stock” rating on shares of J Sainsbury in a research note on Thursday, September 19th.

J Sainsbury Price Performance

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 firm’s fifty day moving average price is GBX 287.32 and its 200 day moving average price is GBX 274.47. The stock has a market cap of £6.42 billion, a PE ratio of 4,593.33, a P/E/G ratio of 0.42 and a beta of 0.67.

J Sainsbury Company Profile

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.