J Sainsbury (LON:SBRY) Trading Up 0.7% – Time to Buy?

J Sainsbury plc (LON:SBRY)’s stock price shot up 0.7% during mid-day trading on Friday . The stock traded as high as GBX 280.80 ($3.54) and last traded at GBX 280 ($3.53). 6,742,338 shares were traded during trading, a decline of 12% from the average session volume of 7,639,224 shares. The stock had previously closed at GBX 278 ($3.51).

Wall Street Analyst Weigh In

Separately, Shore Capital restated a “house stock” rating on shares of J Sainsbury in a research report on Friday, November 22nd.

J Sainsbury Price Performance

The stock has a market cap of £6.52 billion, a price-to-earnings ratio of 4,666.67, a PEG ratio of 0.42 and a beta of 0.67. The company has a debt-to-equity ratio of 95.36, a quick ratio of 0.53 and a current ratio of 0.66. The firm’s 50-day simple moving average is GBX 268.32 and its two-hundred day simple moving average is GBX 273.09.

J Sainsbury Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, December 20th. Investors of record on Thursday, November 14th will be issued a GBX 3.90 ($0.05) dividend. This represents a yield of 1.46%. The ex-dividend date of this dividend is Thursday, November 14th. J Sainsbury’s dividend payout ratio is 21,666.67%.

About J Sainsbury

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.