J Sainsbury (LON:SBRY) had its price target lowered by Sanford C. Bernstein from GBX 310 ($4.05) to GBX 250 ($3.27) in a research note issued to investors on Thursday, ThisIsMoney.Co.Uk reports. The brokerage currently has a market perform rating on the grocer’s stock.
A number of other research firms have also recently commented on SBRY. JPMorgan Chase & Co. reissued an underweight rating on shares of J Sainsbury in a research report on Wednesday, April 24th. UBS Group cut shares of J Sainsbury to a neutral rating and decreased their price target for the stock from GBX 435 ($5.68) to GBX 245 ($3.20) in a report on Thursday, February 21st. Barclays decreased their price target on shares of J Sainsbury from GBX 375 ($4.90) to GBX 340 ($4.44) and set an overweight rating for the company in a report on Wednesday, January 16th. Shore Capital reaffirmed a hold rating on shares of J Sainsbury in a report on Wednesday, January 9th. Finally, HSBC decreased their price target on shares of J Sainsbury from GBX 210 ($2.74) to GBX 180 ($2.35) and set a reduce rating for the company in a report on Friday, April 26th. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of Hold and an average target price of GBX 244.10 ($3.19).
LON:SBRY traded down GBX 2.20 ($0.03) during midday trading on Thursday, reaching GBX 220.30 ($2.88). 9,750,991 shares of the stock traded hands, compared to its average volume of 9,310,000. J Sainsbury has a 12-month low of GBX 212.10 ($2.77) and a 12-month high of GBX 341.80 ($4.47). The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 21.16. The stock has a market capitalization of $4.86 billion and a price-to-earnings ratio of 17.35.
The business also recently declared a dividend, which will be paid on Friday, July 12th. Shareholders of record on Thursday, June 6th will be issued a GBX 7.90 ($0.10) dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a dividend yield of 3.55%. This is a boost from J Sainsbury’s previous dividend of $3.10. J Sainsbury’s dividend payout ratio (DPR) is currently 0.79%.
In related news, insider Michael Andrew Coupe purchased 100,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was acquired at an average price of GBX 231 ($3.02) per share, with a total value of £231,000 ($301,842.41). In the last ninety days, insiders acquired 100,149 shares of company stock valued at $23,134,609.
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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