J Sainsbury (LON:SBRY) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

J Sainsbury plc (LON:SBRY) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 273.96 ($3.58) and traded as high as GBX 278.20 ($3.63). J Sainsbury shares last traded at GBX 277.20 ($3.62), with a volume of 12,300,180 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Shore Capital restated a “house stock” rating on shares of J Sainsbury in a research note on Thursday, September 19th. JPMorgan Chase & Co. restated an “underweight” rating on shares of J Sainsbury in a research report on Friday, June 28th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 300 ($3.92) price objective on shares of J Sainsbury in a report on Tuesday, July 2nd.

J Sainsbury Trading Up 0.1 %

The company’s 50-day moving average is GBX 286.50 and its 200-day moving average is GBX 273.96. 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 firm has a market cap of £6.46 billion, a price-to-earnings ratio of 4,620.00, 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.