J. Sainsbury PLC (OTCMKTS:JSAIY) Receives Consensus Rating of “Buy” from Analysts

J. Sainsbury PLC (OTCMKTS:JSAIY) has been given a consensus rating of “Buy” by the six ratings firms that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and three have given a strong buy rating to the company.

JSAIY has been the topic of a number of recent analyst reports. Jefferies Financial Group cut J. Sainsbury from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd. BNP Paribas cut J. Sainsbury from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 1st. Hsbc Global Res raised J. Sainsbury from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 21st. Finally, Kepler Capital Markets lowered J. Sainsbury from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 23rd.

J. Sainsbury Stock Down 1.6%

Shares of OTCMKTS:JSAIY opened at $15.52 on Thursday. The company has a 50-day moving average price of $15.56 and a 200-day moving average price of $13.94. J. Sainsbury has a 12 month low of $11.68 and a 12 month high of $16.43. The company has a quick ratio of 0.57, a current ratio of 0.74 and a debt-to-equity ratio of 0.16.

J. Sainsbury Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, July 21st. Shareholders of record on Monday, June 9th will be paid a $0.4798 dividend. This represents a yield of 4.13%. The ex-dividend date of this dividend is Friday, June 6th. This is an increase from J. Sainsbury’s previous dividend of $0.20.

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.