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J Sainsbury (LON:SBRY) Stock Passes Above 200-Day Moving Average - Here's What Happened

J Sainsbury logo with Consumer Defensive background

J Sainsbury plc (LON:SBRY - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 272.93 ($3.57) and traded as high as GBX 294.80 ($3.86). J Sainsbury shares last traded at GBX 292.20 ($3.82), with a volume of 2,836,107 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SBRY. JPMorgan Chase & Co. reissued an "underweight" rating on shares of J Sainsbury in a research note on Friday, June 28th. Shore Capital reiterated a "house stock" rating on shares of J Sainsbury in a research note on Thursday, September 19th. Finally, Jefferies Financial Group restated a "buy" rating and issued a GBX 300 ($3.93) target price on shares of J Sainsbury in a research report on Tuesday, July 2nd.

Check Out Our Latest Research Report on SBRY

J Sainsbury Stock Performance

The stock has a market capitalization of £6.80 billion, a PE ratio of 4,856.67, a P/E/G ratio of 0.42 and a beta of 0.67. The company's 50 day moving average price is GBX 285.86 and its two-hundred day moving average price is GBX 272.93. The company has a debt-to-equity ratio of 95.36, a current ratio of 0.66 and a quick ratio of 0.53.

J Sainsbury Company Profile

(Get Free Report)

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.

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