J. Sainsbury PLC (OTCMKTS:JSAIY) Given Consensus Rating of “Buy” by Brokerages

J. Sainsbury PLC (OTCMKTS:JSAIY) has been assigned a consensus rating of “Buy” from the six brokerages that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and three have issued a strong buy rating on the company.

JSAIY has been the topic of several recent research reports. BNP Paribas downgraded J. Sainsbury from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 1st. Hsbc Global Res raised J. Sainsbury from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 21st. Kepler Capital Markets cut J. Sainsbury from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 23rd. Finally, Jefferies Financial Group cut J. Sainsbury from a “buy” rating to a “hold” rating in a research note on Thursday, May 22nd.

J. Sainsbury Trading Up 0.3%

Shares of JSAIY opened at $15.73 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.57 and a current ratio of 0.74. J. Sainsbury has a fifty-two week low of $11.68 and a fifty-two week high of $16.43. The firm’s 50-day simple moving average is $14.94 and its two-hundred day simple moving average is $13.75.

J. Sainsbury Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, July 21st. Stockholders of record on Monday, June 9th will be issued a dividend of $0.4798 per share. This is a boost from J. Sainsbury’s previous dividend of $0.20. The ex-dividend date of this dividend is Friday, June 6th. This represents a dividend yield of 4.13%.

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.