J Sainsbury plc (LON:SBRY) Given Consensus Recommendation of “Hold” by Analysts
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%.
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).
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