J Sainsbury plc (LON:SBRY) Receives Average Rating of “Hold” from Analysts

Shares of J Sainsbury plc (LON:SBRY) have received a consensus rating of “Hold” from the thirteen analysts that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 227.63 ($2.97).

Several equities research analysts have recently commented on SBRY shares. Berenberg Bank reissued a “hold” rating and issued a GBX 235 ($3.07) target price on shares of J Sainsbury in a research note on Tuesday, November 26th. Jefferies Financial Group upped their price target on J Sainsbury from GBX 200 ($2.61) to GBX 220 ($2.87) and gave the company a “hold” rating in a research note on Tuesday, October 29th. Barclays reiterated an “overweight” rating on shares of J Sainsbury in a report on Tuesday, November 26th. UBS Group reiterated a “buy” rating on shares of J Sainsbury in a research report on Friday, November 8th. Finally, Goldman Sachs Group raised J Sainsbury to a “neutral” rating and boosted their price objective for the stock from GBX 219 ($2.86) to GBX 220 ($2.87) in a report on Tuesday, November 5th.

LON:SBRY traded down GBX 1.20 ($0.02) during trading hours on Tuesday, hitting GBX 211.90 ($2.77). 6,338,891 shares of the stock were exchanged, compared to its average volume of 9,310,000. The company’s 50 day moving average is GBX 210.92 and its two-hundred day moving average is GBX 203.64. J Sainsbury has a twelve month low of GBX 177.05 ($2.31) and a twelve month high of £201.30 ($263.03). The company has a quick ratio of 0.49, a current ratio of 0.65 and a debt-to-equity ratio of 92.93. The company has a market capitalization of $4.72 billion and a P/E ratio of 117.72.

The business also recently declared a dividend, which will be paid on Friday, December 20th. Stockholders of record on Thursday, November 14th will be paid a GBX 3.30 ($0.04) dividend. This represents a dividend yield of 1.61%. The ex-dividend date of this dividend is Thursday, November 14th. J Sainsbury’s dividend payout ratio (DPR) is currently 6.11%.

J Sainsbury Company Profile

J Sainsbury plc, together with its subsidiaries, engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom. It operates through four segments: Retail – Food; Retail – General Merchandise and Clothing; Financial Services; and Property Investment.

Further Reading: Profit Margin

Analyst Recommendations for J Sainsbury (LON:SBRY)

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