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J Sainsbury (LON:SBRY) Share Price Passes Above 200-Day Moving Average - Here's Why

J Sainsbury logo with Consumer Defensive background

J Sainsbury plc (LON:SBRY - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 traded.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Stock Report on SBRY

J Sainsbury Price Performance

The stock has a market capitalization of £6.40 billion, a P/E ratio of 4,576.67, a price-to-earnings-growth ratio of 0.42 and a beta of 0.67. 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 50-day moving average price of GBX 286.48 and a 200 day moving average price of GBX 274.08.

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.

Further Reading

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