Jefferies Group Weighs in on J Sainsbury plc’s FY2018 Earnings (JSAIY)
J Sainsbury plc (OTCMKTS:JSAIY) – Analysts at Jefferies Group increased their FY2018 earnings estimates for J Sainsbury in a report issued on Wednesday. Jefferies Group analyst J. Grzinic now expects that the company will post earnings of $0.97 per share for the year, up from their previous forecast of $0.95. Jefferies Group also issued estimates for J Sainsbury’s FY2019 earnings at $0.97 EPS and FY2020 earnings at $1.08 EPS.
A number of other equities analysts have also weighed in on the stock. Zacks Investment Research lowered shares of J Sainsbury from a “buy” rating to a “hold” rating and set a $15.00 price target for the company. in a research report on Wednesday. Kepler Capital Markets began coverage on shares of J Sainsbury in a research report on Wednesday, December 20th. They issued a “hold” rating for the company. Finally, Berenberg Bank began coverage on shares of J Sainsbury in a research report on Tuesday, October 3rd. They issued a “buy” rating for the company. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. J Sainsbury has an average rating of “Hold” and an average target price of $15.00.
The business also recently announced a None dividend, which was paid on Tuesday, January 9th. Stockholders of record on Monday, November 20th were issued a $0.144 dividend. The ex-dividend date was Friday, November 17th. J Sainsbury’s dividend payout ratio (DPR) is presently 85.45%.
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About J Sainsbury
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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