J Sainsbury plc (SBRY) Receives Average Recommendation of “Hold” from Analysts
Shares of J Sainsbury plc (LON:SBRY) have been given an average rating of “Hold” by the fifteen analysts that are covering the firm. Three equities research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is GBX 255.77 ($3.33).
Several equities research analysts have recently issued reports on the stock. Shore Capital reiterated a “buy” rating on shares of J Sainsbury plc in a research report on Wednesday, May 3rd. HSBC Holdings plc reiterated a “reduce” rating and set a GBX 205 ($2.67) price objective on shares of J Sainsbury plc in a research report on Sunday, April 30th. Credit Suisse Group AG reiterated an “outperform” rating and set a GBX 305 ($3.97) price objective on shares of J Sainsbury plc in a research report on Monday, March 20th. Goldman Sachs Group Inc reiterated a “sell” rating and set a GBX 205 ($2.67) price objective on shares of J Sainsbury plc in a research report on Wednesday, March 22nd. Finally, Deutsche Bank AG reiterated a “hold” rating and set a GBX 300 ($3.90) price objective on shares of J Sainsbury plc in a research report on Tuesday, April 25th.
In related news, insider Michael Andrew Coupe sold 86,095 shares of J Sainsbury plc stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of GBX 259 ($3.37), for a total value of £222,986.05 ($290,082.02). Also, insider Jean Tomlin acquired 3,100 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The stock was purchased at an average price of GBX 265 ($3.45) per share, with a total value of £8,215 ($10,686.87). Insiders purchased 25,111 shares of company stock valued at $6,676,509 over the last 90 days.
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J Sainsbury plc (LON:SBRY) traded up 1.35% during trading on Monday, reaching GBX 278.00. 6,172,575 shares of the company’s stock were exchanged. J Sainsbury plc has a 12-month low of GBX 211.50 and a 12-month high of GBX 282.30. The company’s market cap is GBX 5.96 billion. The stock’s 50-day moving average is GBX 266.32 and its 200-day moving average is GBX 257.88.
The company also recently disclosed a dividend, which will be paid on Friday, July 7th. Investors of record on Thursday, May 11th will be issued a GBX 6.60 ($0.09) dividend. This is an increase from J Sainsbury plc’s previous dividend of $3.60. This represents a dividend yield of 2.36%. The ex-dividend date is Thursday, May 11th.
About J Sainsbury plc
J Sainsbury plc is engaged in grocery-related retailing and retail banking. The Company’s segments include Retailing; Financial services, and Property investments. The Retailing segment is engaged in the operation of supermarkets and convenience. The Financial services segment includes the operations of Sainsbury’s Bank plc (Sainsbury’s Bank).
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