Shares of J Sainsbury plc (LON:SBRY) have been given an average rating of “Hold” by the fourteen ratings firms that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is GBX 261.67 ($3.39).

A number of research firms recently commented on SBRY. HSBC Holdings plc reissued a “reduce” rating and set a GBX 205 ($2.66) price objective on shares of J Sainsbury plc in a report on Monday, April 24th. Shore Capital reissued a “buy” rating on shares of J Sainsbury plc in a report on Monday, July 3rd. J P Morgan Chase & Co reissued an “underweight” rating and set a GBX 200 ($2.59) price objective on shares of J Sainsbury plc in a report on Wednesday, July 5th. Goldman Sachs Group, Inc. (The) reissued a “sell” rating and set a GBX 205 ($2.66) price objective on shares of J Sainsbury plc in a report on Wednesday, April 12th. Finally, Deutsche Bank AG reissued a “hold” rating and set a GBX 300 ($3.89) price objective on shares of J Sainsbury plc in a report on Wednesday, May 10th.

Shares of J Sainsbury plc (SBRY) traded down 0.77% on Tuesday, reaching GBX 244.20. 8,162,745 shares of the company were exchanged. The stock has a 50 day moving average of GBX 266.93 and a 200-day moving average of GBX 263.09. The company’s market capitalization is GBX 5.33 billion. J Sainsbury plc has a 52-week low of GBX 216.60 and a 52-week high of GBX 283.60.

The business also recently declared a dividend, which was paid on Friday, July 7th. Investors of record on Thursday, May 11th were given a dividend of GBX 6.60 ($0.09) per share. This is a positive change from J Sainsbury plc’s previous dividend of $3.60. The ex-dividend date of this dividend was Thursday, May 11th. This represents a yield of 2.36%.

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In related news, insider Jean Tomlin purchased 3,100 shares of the company’s stock in a transaction that occurred on Thursday, May 11th. The stock was purchased at an average price of GBX 265 ($3.43) per share, with a total value of £8,215 ($10,641.19). Also, insider Michael Andrew Coupe sold 86,095 shares of the company’s stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of GBX 259 ($3.35), for a total transaction of £222,986.05 ($288,842.03). Insiders have purchased 25,068 shares of company stock valued at $6,665,074 in the last ninety days.

J Sainsbury plc Company Profile

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).

Analyst Recommendations for J Sainsbury plc (LON:SBRY)

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