J Sainsbury Share Price Surpasses 200 Day Moving Average of $220.12 in 2023.
March 11, 2023
Trending News ☀️
J Sainsbury ($LSE:SBRY) plc’s share price surged past its 200-day moving average of $220.12 during trading on Wednesday. The 200-day moving average is an important indicator for the stock’s long-term trend, and is used by analysts as well as traders to determine the direction of the stock. This steady increase in the share price has been driven by strong earnings, dividend payments, and a positive outlook for the company. The share price surge past its 200-day moving average of $220.12 is yet another indication of the company’s strong performance and resilience.
This news is a major boost for shareholders, and is expected to further increase investor confidence in J Sainsbury plc. Analysts are predicting that the share price will continue to rise throughout the remainder of 2023, and could potentially exceed its 200-day moving average again. With the company’s robust performance, there is a high likelihood that this could indeed be the case.
Share Price
Right now, news for the company is mostly positive, with their stock price continuing to climb. On Friday, J Sainsbury opened at £2.7 and closed at £2.6, representing a drop of 0.4% from the previous closing price of 2.7. This slight dip in the stock price is not uncommon, especially following several days of steady gains. Overall, the stock market remains optimistic about J Sainsbury’s prospects. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for J Sainsbury. More…
| Total Revenues | Net Income | Net Margin |
| 29.89k | 584 | 2.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for J Sainsbury. More…
| Operations | Investing | Financing |
| 1.66k | -657 | -865 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for J Sainsbury. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 27.09k | 19.16k | 3.38 |
Key Ratios Snapshot
Some of the financial key ratios for J Sainsbury are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 1.0% | 115.2% | 3.9% |
| FCF Margin | ROE | ROA |
| 3.2% | 7.8% | 2.3% |
Analysis
At GoodWhale, we have conducted an analysis of J Sainsbury’s wellbeing and have concluded that it is a low risk investment in terms of financial and business aspects. This conclusion has been drawn from our risk rating which considers factors such as liquidity, solvency, profitability, and financial ratios. In addition, GoodWhale has detected two risk warnings in the company’s income sheet and balance sheet. If you’d like to learn more about this risk assessment, please register on goodwhale.com. More…
Peers
Sainsbury (J) PLC is one of the largest grocery retailers in the UK, with a wide variety of products and services. It faces tough competition from other major retailers such as McColl’s Retail Group PLC, Halows Co Ltd, and PesoRama Inc. Despite the presence of these companies, Sainsbury (J) PLC has managed to remain a market leader in the grocery retail sector.
– McColl’s Retail Group PLC ($LSE:MCLS)
McColl’s Retail Group PLC is a leading convenience and newsagent retailer in the United Kingdom, operating over 1,400 stores nationwide. The company’s market cap, or total value of the firm, as of 2022 is 4.7M. This figure is derived from multiplying the number of outstanding shares with the current share price. In addition, McColl’s Retail Group PLC has an impressive ROE (Return on Equity) of 22.35%. This figure measures the company’s efficiency in utilizing shareholder funds to generate profits and is a good sign of the company’s overall financial health.
– Halows Co Ltd ($TSE:2742)
Hallow Co Ltd is a leading global provider of consumer products and services. The company has a market cap of 62.33 billion dollars as of 2022, making it one of the most valuable companies in the world. Its Return on Equity (ROE) of 11.12% is also among the highest in its industry, reflecting the company’s strong financial performance and ability to generate returns for its shareholders. Hallow Co Ltd has achieved remarkable success in recent years due to its innovative product offerings, efficient operations, and commitment to customer satisfaction.
– PesoRama Inc ($TSXV:PESO)
PesoRama Inc is a technology company that is focused on developing innovative solutions for the financial services industry. The company has a market capitalization of 8.75 million as of 2022, reflecting an increase in its overall value. PesoRama Inc also has a negative return on equity (ROE) of -102.32%, meaning that the amount of money invested into the company is not being returned in profits. This suggests that the company is struggling to generate profits from its investments, but may still have potential for growth in the future.
Summary
J Sainsbury has been steadily increasing its share price and in 2023 it surpassed the 200 day moving average of $220.12. Currently, market sentiment is favorable and investors are optimistic about the company’s prospects. Analysts suggest that Sainsbury is well-positioned to take advantage of current market conditions and deliver strong returns in the near future. They point to the company’s strong balance sheet, solid management team, and excellent customer service as reasons why investors are bullish on the stock.
Furthermore, Sainsbury’s product portfolio is diverse and adaptable, meaning the company can respond quickly to changes in consumer demand. With all these factors in mind, Sainsbury appears to be an attractive long-term investment for those looking for growth.
