JPMorgan Chase & Co. Raises J Sainsbury (LON:SBRY) Price Target to GBX 262

J Sainsbury (LON:SBRYFree Report) had its target price boosted by JPMorgan Chase & Co. from GBX 236 ($2.96) to GBX 262 ($3.29) in a research note issued to investors on Wednesday morning, Marketbeat Ratings reports. JPMorgan Chase & Co. currently has an underweight rating on the grocer’s stock.

A number of other analysts have also recently issued reports on SBRY. Shore Capital reissued a house stock rating on shares of J Sainsbury in a research report on Friday, April 19th. Jefferies Financial Group upgraded shares of J Sainsbury to a buy rating and set a GBX 300 ($3.77) target price on the stock in a research report on Monday, April 22nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, J Sainsbury currently has a consensus rating of Hold and an average price target of GBX 285.67 ($3.59).

View Our Latest Stock Analysis on SBRY

J Sainsbury Stock Performance

LON SBRY opened at GBX 283.60 ($3.56) on Wednesday. The company has a fifty day moving average of GBX 264.12 and a two-hundred day moving average of GBX 272.03. The company has a market capitalization of £6.72 billion, a PE ratio of 4,726.67, a P/E/G ratio of 0.40 and a beta of 0.66. J Sainsbury has a 1 year low of GBX 243.80 ($3.06) and a 1 year high of GBX 311.16 ($3.91). The company has a debt-to-equity ratio of 96.62, a current ratio of 0.66 and a quick ratio of 0.53.

J Sainsbury Increases Dividend

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

Insiders Place Their Bets

In other news, insider Simon Roberts sold 189,648 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of GBX 263 ($3.30), for a total value of £498,774.24 ($626,443.41). 5.36% of the stock is owned by insiders.

About J Sainsbury

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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.

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