J Sainsbury plc (LON:SBRY) Receives Average Rating of “Hold” from Analysts

J Sainsbury plc (LON:SBRYGet Rating) has been given a consensus recommendation of “Hold” by the seven analysts that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is GBX 287 ($3.59).

Several research firms recently weighed in on SBRY. Barclays reiterated an “overweight” rating and set a GBX 320 ($4.00) target price on shares of J Sainsbury in a research report on Tuesday. Berenberg Bank reiterated a “hold” rating and issued a GBX 285 ($3.56) price target on shares of J Sainsbury in a research report on Thursday, April 14th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a GBX 230 ($2.87) target price on shares of J Sainsbury in a report on Monday, February 21st. Shore Capital reissued a “house stock” rating on shares of J Sainsbury in a report on Thursday, April 28th. Finally, Morgan Stanley reaffirmed an “equal weight” rating on shares of J Sainsbury in a research note on Friday, March 25th.

Shares of J Sainsbury stock opened at GBX 227.90 ($2.85) on Friday. J Sainsbury has a 1-year low of GBX 222.60 ($2.78) and a 1-year high of GBX 342 ($4.27). The company’s fifty day simple moving average is GBX 248.97 and its 200-day simple moving average is GBX 272.06. The company has a debt-to-equity ratio of 88.02, a current ratio of 0.68 and a quick ratio of 0.49. The stock has a market capitalization of £5.33 billion and a PE ratio of 7.91.

The business also recently declared a dividend, which will be paid on Friday, July 15th. Shareholders of record on Thursday, June 9th will be paid a GBX 9.90 ($0.12) dividend. The ex-dividend date is Thursday, June 9th. This represents a yield of 4.14%. This is a boost from J Sainsbury’s previous dividend of $3.20. J Sainsbury’s payout ratio is presently 0.37%.

J Sainsbury Company Profile (Get Rating)

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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Analyst Recommendations for J Sainsbury (LON:SBRY)

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