Shares of J Sainsbury plc (LON:SBRY) have been assigned an average rating of “Hold” from the thirteen ratings firms that are covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is GBX 250.75 ($3.28).
SBRY has been the subject of several research analyst reports. Berenberg Bank lowered their target price on shares of J Sainsbury from GBX 369 ($4.82) to GBX 338 ($4.42) and set a “buy” rating for the company in a report on Tuesday, February 5th. Shore Capital cut shares of J Sainsbury to a “sell” rating in a report on Wednesday, February 20th. UBS Group restated a “buy” rating on shares of J Sainsbury in a report on Wednesday, February 13th. JPMorgan Chase & Co. restated an “underweight” rating on shares of J Sainsbury in a report on Thursday, January 24th. Finally, Kepler Capital Markets cut shares of J Sainsbury to a “hold” rating and lowered their target price for the company from GBX 337 ($4.40) to GBX 221 ($2.89) in a report on Friday, February 22nd.
LON SBRY traded down GBX 2.60 ($0.03) on Friday, hitting GBX 201.20 ($2.63). 8,502,213 shares of the stock were exchanged, compared to its average volume of 9,310,000. The company has a quick ratio of 0.12, a current ratio of 0.67 and a debt-to-equity ratio of 21.48. J Sainsbury has a fifty-two week low of GBX 208.10 ($2.72) and a fifty-two week high of GBX 341.80 ($4.47). The stock has a market capitalization of $4.44 billion and a PE ratio of 22.61.
The firm also recently declared a dividend, which will be paid on Friday, July 12th. Investors of record on Thursday, June 6th will be given a GBX 7.90 ($0.10) dividend. This is an increase from J Sainsbury’s previous dividend of $3.10. The ex-dividend date is Thursday, June 6th. This represents a yield of 3.55%. J Sainsbury’s dividend payout ratio is 1.12%.
In related news, insider Michael Andrew Coupe sold 135,219 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of GBX 210 ($2.74), for a total value of £283,959.90 ($371,043.90). In the last quarter, insiders purchased 100,205 shares of company stock valued at $23,146,089.
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. It operates through four segments: Retail Food; Retail General Merchandise and Clothing; Financial Services; and Property Investment.
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