J Sainsbury plc (LON:SBRY) Insider Simon Roberts Sells 189,648 Shares

J Sainsbury plc (LON:SBRY) insider Simon Roberts sold 189,648 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of GBX 263 ($3.30), for a total value of £498,774.24 ($626,522.10).

J Sainsbury Stock Up 0.5 %

Shares of LON:SBRY opened at GBX 265.40 ($3.33) on Friday. The company has a current ratio of 0.66, a quick ratio of 0.53 and a debt-to-equity ratio of 96.62. The stock has a fifty day simple moving average of GBX 258.92 and a two-hundred day simple moving average of GBX 270.50. J Sainsbury plc has a 12-month low of GBX 243.80 ($3.06) and a 12-month high of GBX 311.16 ($3.91). The stock has a market capitalization of £6.29 billion, a price-to-earnings ratio of 4,423.33, a PEG ratio of 0.37 and a beta of 0.66.

J Sainsbury Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, July 12th. Stockholders of record on Thursday, June 6th will be given a GBX 9.20 ($0.12) dividend. This represents a dividend yield of 3.43%. The ex-dividend date is Thursday, June 6th. This is a positive change from J Sainsbury’s previous dividend of $3.90. J Sainsbury’s payout ratio is currently 21,666.67%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SBRY. Shore Capital restated a “house stock” rating on shares of J Sainsbury in a report on Friday, April 19th. Jefferies Financial Group raised shares of J Sainsbury to a “buy” rating and set a GBX 300 ($3.77) price objective on the stock in a research note on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 281.67 ($3.54).

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.