J Sainsbury (LON:SBRY) Given House Stock Rating at Shore Capital

Shore Capital reaffirmed their house stock rating on shares of J Sainsbury (LON:SBRY) 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.

J Sainsbury Price Performance

Shares of SBRY opened at GBX 253.60 ($3.21) on Tuesday. The business’s 50-day moving average is GBX 268.38 and its two-hundred day moving average is GBX 269.72. The company has a market capitalization of £5.98 billion, a P/E ratio of 4,173.33, a P/E/G ratio of 0.39 and a beta of 0.66. The company has a debt-to-equity ratio of 96.62, a quick ratio of 0.53 and a current ratio of 0.66. J Sainsbury has a fifty-two week low of GBX 243.80 ($3.08) and a fifty-two week high of GBX 311.16 ($3.94).

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.