Shore Capital reaffirmed their house stock rating on shares of J Sainsbury (LON:SBRY – Free Report) in a report published on Tuesday, Marketbeat.com reports.
Several other brokerages also recently weighed in on SBRY. JPMorgan Chase & Co. reaffirmed an underweight rating on shares of J Sainsbury in a research report on Friday, June 28th. Jefferies Financial Group raised J Sainsbury to a buy rating and set a GBX 300 ($3.79) price target on the stock in a research report on Monday, April 22nd.
View Our Latest Stock Report on SBRY
J Sainsbury Price Performance
J Sainsbury Increases Dividend
The business also recently declared a dividend, which will be paid on Friday, July 12th. Investors of record on Thursday, June 6th will be paid a GBX 9.20 ($0.12) dividend. The ex-dividend date of this dividend is Thursday, June 6th. This is a positive change from J Sainsbury’s previous dividend of $3.90. This represents a yield of 3.43%. J Sainsbury’s dividend payout ratio (DPR) is currently 21,666.67%.
Insider Activity at J Sainsbury
In other J Sainsbury news, insider Simon Roberts sold 189,648 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of GBX 263 ($3.33), for a total value of £498,774.24 ($630,880.65). 5.37% of the stock is currently owned by corporate insiders.
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 and the Republic of Ireland. It operates through three segments: Retail Food, Retail General Merchandise and Clothing, and Financial Services.
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