Deutsche Bank reiterated their hold rating on shares of J Sainsbury (LON:SBRY) in a research note issued to investors on Friday morning, ThisIsMoney.Co.Uk reports.

SBRY has been the subject of several other reports. HSBC dropped their target price on J Sainsbury from GBX 210 ($2.74) to GBX 180 ($2.35) and set a reduce rating for the company in a research report on Friday, April 26th. Jefferies Financial Group dropped their target price on J Sainsbury from GBX 270 ($3.53) to GBX 230 ($3.01) and set a hold rating for the company in a research report on Tuesday, April 9th. Berenberg Bank downgraded J Sainsbury to a hold rating and dropped their target price for the company from GBX 338 ($4.42) to GBX 235 ($3.07) in a research report on Thursday, February 21st. Sanford C. Bernstein lowered their price objective on J Sainsbury from GBX 310 ($4.05) to GBX 250 ($3.27) and set a market perform rating for the company in a research report on Thursday, May 2nd. Finally, UBS Group downgraded J Sainsbury to a neutral rating and lowered their price objective for the stock from GBX 435 ($5.68) to GBX 245 ($3.20) in a research report on Thursday, February 21st. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. J Sainsbury currently has a consensus rating of Hold and an average target price of GBX 237.60 ($3.10).

J Sainsbury stock opened at GBX 188 ($2.46) on Friday. The company has a quick ratio of 0.46, a current ratio of 0.67 and a debt-to-equity ratio of 24.73. The company has a market capitalization of $4.14 billion and a P/E ratio of 21.12. J Sainsbury has a 12 month low of GBX 185.94 ($2.43) and a 12 month high of GBX 341.80 ($4.47). The company has a 50-day moving average price of GBX 200.31.

The firm also recently announced a dividend, which will be paid on Friday, July 12th. Investors of record on Thursday, June 6th will be paid a dividend of GBX 7.90 ($0.10) per share. The ex-dividend date is Thursday, June 6th. This represents a yield of 3.55%. This is a boost from J Sainsbury’s previous dividend of $3.10. J Sainsbury’s dividend payout ratio (DPR) is currently 1.24%.

In related news, insider Michael Andrew Coupe sold 135,219 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of GBX 210 ($2.74), for a total transaction of £283,959.90 ($371,043.90). Insiders have purchased 100,165 shares of company stock valued at $23,134,534 in the last ninety days.

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.

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Analyst Recommendations for J Sainsbury (LON:SBRY)

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