J Sainsbury (LON:SBRY) Stock Price Passes Above 200-Day Moving Average of $0.00

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 $0.00 and traded as high as $193.00. J Sainsbury shares last traded at $192.00, with a volume of 2,010,865 shares traded.

Several research analysts have commented on the stock. Sanford C. Bernstein decreased their target price on shares of J Sainsbury from GBX 310 ($4.05) to GBX 250 ($3.27) and set a “market perform” rating for the company in a research report on Thursday, May 2nd. Shore Capital restated a “sell” rating on shares of J Sainsbury in a research report on Wednesday, July 3rd. Barclays cut shares of J Sainsbury to an “equal weight” rating and decreased their target price for the stock from GBX 340 ($4.44) to GBX 250 ($3.27) in a research report on Tuesday, July 16th. Jefferies Financial Group restated a “hold” rating and issued a GBX 200 ($2.61) target price on shares of J Sainsbury in a research report on Wednesday, May 1st. Finally, HSBC decreased their target price on shares of J Sainsbury from GBX 210 ($2.74) to GBX 180 ($2.35) and set a “reduce” rating for the company in a research report on Friday, April 26th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company. J Sainsbury presently has an average rating of “Hold” and an average price target of GBX 227.60 ($2.97).

The firm has a market cap of $4.23 billion and a PE ratio of 21.49. The company has a quick ratio of 0.46, a current ratio of 0.67 and a debt-to-equity ratio of 24.73. The business has a fifty day moving average of GBX 198.15.

J Sainsbury Company Profile (LON:SBRY)

J Sainsbury plc, together with its subsidiaries, engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom. It operates through four segments: Retail – Food; Retail – General Merchandise and Clothing; Financial Services; and Property Investment.

Featured Article: What is a conference call?

Receive News & Ratings for J Sainsbury Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J Sainsbury and related companies with MarketBeat.com's FREE daily email newsletter.