J Sainsbury (LON:SBRY) Stock Price Passes Above 200-Day Moving Average of $265.75

J Sainsbury plc (LON:SBRY)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 265.75 ($3.50) and traded as high as GBX 291.20 ($3.84). J Sainsbury shares last traded at GBX 290.20 ($3.83), with a volume of 5,240,837 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. restated an “underweight” rating on shares of J Sainsbury in a report on Friday, June 28th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 300 ($3.96) price objective on shares of J Sainsbury in a research note on Tuesday, July 2nd. Finally, Shore Capital reiterated a “house stock” rating on shares of J Sainsbury in a research note on Tuesday, July 2nd.

J Sainsbury Stock Up 0.8 %

The firm’s 50 day moving average price is GBX 271.04 and its two-hundred day moving average price is GBX 266.01. The company has a market cap of £6.81 billion, a P/E ratio of 4,873.33, a price-to-earnings-growth ratio of 0.40 and a beta of 0.68. The company has a debt-to-equity ratio of 95.36, a quick ratio of 0.53 and a current ratio of 0.66.

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.