J Sainsbury (LON:SBRY) Stock Price Passes Above 200 Day Moving Average of $272.47

J Sainsbury plc (LON:SBRY) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 272.47 ($3.46) and traded as high as GBX 289 ($3.67). J Sainsbury shares last traded at GBX 277.40 ($3.53), with a volume of 6,401,204 shares traded.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on SBRY shares. JPMorgan Chase & Co. raised their price objective on shares of J Sainsbury from GBX 236 ($3.00) to GBX 262 ($3.33) and gave the stock an “underweight” rating in a research note on Wednesday, May 15th. Jefferies Financial Group raised shares of J Sainsbury to a “buy” rating and set a GBX 300 ($3.81) price objective for the company in a research note on Monday, April 22nd. Finally, Shore Capital reissued a “house stock” rating on shares of J Sainsbury in a research note on Friday, April 19th.

J Sainsbury Price Performance

The stock has a market capitalization of £6.52 billion, a PE ratio of 4,623.33, a PEG ratio of 0.40 and a beta of 0.66. The company has a current ratio of 0.66, a quick ratio of 0.53 and a debt-to-equity ratio of 96.62. The company’s 50 day simple moving average is GBX 266.70 and its 200 day simple moving average is GBX 272.47.

J Sainsbury Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, July 12th. Shareholders of record on Thursday, June 6th will be paid a GBX 9.20 ($0.12) dividend. This is a boost from J Sainsbury’s previous dividend of $3.90. This represents a yield of 3.43%. The ex-dividend date is Thursday, June 6th. J Sainsbury’s payout ratio is presently 21,666.67%.

Insiders Place Their Bets

In other J Sainsbury news, insider Simon Roberts sold 189,648 shares of J Sainsbury stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of GBX 263 ($3.34), for a total value of £498,774.24 ($633,927.61). 5.36% of the stock is owned by corporate insiders.

About J Sainsbury

J Sainsbury plc, together with its subsidiaries, engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom and the Republic of Ireland. It operates through three segments: Retail Food, Retail General Merchandise and Clothing, and Financial Services.