J Sainsbury (LON:SBRY) Share Price Crosses Above 200 Day Moving Average of $267.57

J Sainsbury plc (LON:SBRY)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 267.57 ($3.52) and traded as high as GBX 298.80 ($3.93). J Sainsbury shares last traded at GBX 296.40 ($3.90), with a volume of 3,091,995 shares.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on SBRY shares. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of J Sainsbury in a research note on Friday, June 28th. Shore Capital reissued a “house stock” rating on shares of J Sainsbury in a research report on Tuesday, July 2nd. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 300 ($3.94) price objective on shares of J Sainsbury in a research report on Tuesday, July 2nd.

J Sainsbury Stock Down 0.3 %

The stock has a market capitalization of £6.91 billion, a P/E ratio of 4,940.00, a P/E/G ratio of 0.40 and a beta of 0.68. The firm’s fifty day moving average is GBX 274.88 and its 200-day moving average is GBX 267.65. The company has a current ratio of 0.66, a quick ratio of 0.53 and a debt-to-equity ratio of 95.36.

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.