J Sainsbury plc Receives “Underweight” Rating from JPMorgan Chase & Co. (SBRY)
SBRY has been the subject of a number of other recent research reports. Analysts at Shore Capital reiterated a “hold” rating on shares of J Sainsbury plc in a research note on Thursday. They now have a GBX 324 ($5.43) price target on the stock. Separately, analysts at Nomura cut their price target on shares of J Sainsbury plc from GBX 300 ($5.03) to GBX 285 ($4.78) in a research note on Thursday. They now have a “neutral” rating on the stock. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of J Sainsbury plc in a research note on Wednesday. They now have a GBX 290 ($4.86) price target on the stock. Six investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 343.30 ($5.76).
Shares of J Sainsbury plc (LON:SBRY) traded down 0.55% on Friday, hitting GBX 325.70. 4,370,193 shares of the company’s stock traded hands. J Sainsbury plc has a one year low of GBX 301.50 and a one year high of GBX 428.00. The stock has a 50-day moving average of GBX 331.7 and a 200-day moving average of GBX 348.3. The company’s market cap is £6.186 billion.
The company also recently announced a dividend, which is scheduled for Friday, July 11th. Shareholders of record on Wednesday, May 14th will be paid a dividend of GBX 12.30 ($0.21) per share. This represents a dividend yield of 3.79%. The ex-dividend date is Wednesday, May 14th.
J Sainsbury plc is engaged in grocery and related retailing. The Company is organized into three segments: Retailing (LON:SBRY); Financial services (Sainsbury’s Bank joint venture), and Property investments (The British Land Company PLC joint venture and Land Securities PLC joint venture).
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