Barclays cut shares of J Sainsbury (LON:SBRY) to an equal weight rating in a research note released on Tuesday, ThisIsMoney.Co.Uk reports. The brokerage currently has GBX 250 ($3.27) price objective on the grocer’s stock, down from their prior price objective of GBX 340 ($4.44).
A number of other equities research analysts have also commented on SBRY. Sanford C. Bernstein raised Walmart from a market perform rating to an outperform rating and set a $101.80 price target for the company in a research report on Thursday, May 2nd. Berenberg Bank raised their target price on Yellow Cake from GBX 273 ($3.57) to GBX 280 ($3.66) and gave the company a buy rating in a research report on Tuesday, April 16th. JPMorgan Chase & Co. decreased their target price on Teck Resources from C$56.00 to C$55.00 in a research report on Wednesday, April 24th. HSBC lowered Ferrari from a buy rating to a hold rating in a research report on Friday, April 26th. Finally, Jefferies Financial Group raised their target price on EXACT Sciences from $100.00 to $115.00 and gave the company a buy rating in a research report on Wednesday, May 1st. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of GBX 227.60 ($2.97).
LON SBRY opened at GBX 205.90 ($2.69) on Tuesday. The stock has a market cap of $4.55 billion and a price-to-earnings ratio of 23.13. The company has a fifty day moving average of GBX 198.06. J Sainsbury has a 12 month low of GBX 185.30 ($2.42) and a 12 month high of GBX 341.80 ($4.47). The company has a debt-to-equity ratio of 24.73, a current ratio of 0.67 and a quick ratio of 0.46.
The firm also recently announced a dividend, which was paid on Friday, July 12th. Stockholders of record on Thursday, June 6th were given a dividend of GBX 7.90 ($0.10) per share. The ex-dividend date of this dividend was Thursday, June 6th. This is a positive change from J Sainsbury’s previous dividend of $3.10. This represents a dividend yield of 3.55%. J Sainsbury’s dividend payout ratio (DPR) is currently 1.24%.
In other news, insider Michael Andrew Coupe sold 135,219 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of GBX 210 ($2.74), for a total transaction of £283,959.90 ($371,043.90). Insiders have bought a total of 100,171 shares of company stock valued at $23,134,363 in the last quarter.
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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