J Sainsbury (SBRY) Stock Price Down 4.1%
J Sainsbury plc (LON:SBRY) fell 4.1% during mid-day trading on Tuesday . The company traded as low as GBX 232.60 ($3.13) and last traded at GBX 234.60 ($3.16). 15,472,904 shares changed hands during mid-day trading, an increase of 54% from the average session volume of 10,080,000 shares. The stock had previously closed at GBX 244.70 ($3.29).
A number of brokerages recently issued reports on SBRY. Deutsche Bank restated a “hold” rating on shares of J Sainsbury in a research note on Wednesday. J P Morgan Chase & Co restated an “underweight” rating and issued a GBX 200 ($2.69) price objective on shares of J Sainsbury in a research note on Friday, November 10th. Credit Suisse Group lowered their price objective on J Sainsbury from GBX 320 ($4.31) to GBX 295 ($3.97) and set an “outperform” rating on the stock in a research note on Monday, October 2nd. Berenberg Bank began coverage on J Sainsbury in a research note on Tuesday, October 3rd. They issued a “buy” rating and a GBX 300 ($4.04) price objective on the stock. Finally, Jefferies Group lowered their price objective on J Sainsbury from GBX 260 ($3.50) to GBX 250 ($3.36) and set a “hold” rating on the stock in a research note on Monday, October 23rd. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 267.23 ($3.60).
The firm also recently disclosed a dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Thursday, November 16th will be issued a dividend of GBX 3.10 ($0.04) per share. This represents a dividend yield of 1.34%. The ex-dividend date is Thursday, November 16th.
About J Sainsbury
J Sainsbury plc is engaged in grocery-related retailing and retail banking. The Company’s segments include Retailing; Financial services, and Property investments. The Retailing segment is engaged in the operation of supermarkets and convenience. The Financial services segment includes the operations of Sainsbury’s Bank plc (Sainsbury’s Bank).
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