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

J. Sainsbury PLC (OTCMKTS:JSAIY) has been assigned an average recommendation of “Buy” from the six analysts that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have issued a strong buy recommendation on the company.

JSAIY has been the subject of several recent research reports. Jefferies Financial Group downgraded shares of J. Sainsbury from a “buy” rating to a “hold” rating in a research note on Thursday, May 22nd. Kepler Capital Markets lowered shares of J. Sainsbury from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 23rd.

J. Sainsbury Stock Performance

OTCMKTS:JSAIY opened at $16.08 on Monday. J. Sainsbury has a 1-year low of $11.68 and a 1-year high of $16.89. The business has a 50 day moving average of $15.95 and a 200 day moving average of $14.28. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.57 and a current ratio of 0.74.

J. Sainsbury Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, July 21st. Stockholders of record on Monday, June 9th were issued a dividend of $0.4798 per share. The ex-dividend date was Friday, June 6th. This is a positive change from J. Sainsbury’s previous dividend of $0.20. This represents a dividend yield of 413.0%.

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.