J Sainsbury plc (LON:SBRY) to Issue Dividend of GBX 9.20

J Sainsbury plc (LON:SBRY) declared a dividend on Thursday, April 25th, Upcoming.Co.Uk reports. Investors of record on Thursday, June 6th will be paid a dividend of GBX 9.20 ($0.11) per share by the grocer on Friday, July 12th. This represents a dividend yield of 3.43%. The ex-dividend date of this dividend is Thursday, June 6th. This is a positive change from J Sainsbury’s previous dividend of $3.90. The official announcement can be accessed at this link.

J Sainsbury Stock Up 1.1 %

Shares of SBRY stock opened at GBX 259.40 ($3.20) on Friday. The stock’s 50 day simple moving average is GBX 258.03 and its 200 day simple moving average is GBX 270.35. The company has a debt-to-equity ratio of 93.13, a quick ratio of 0.53 and a current ratio of 0.72. J Sainsbury has a twelve month low of GBX 243.80 ($3.01) and a twelve month high of GBX 311.16 ($3.84). The company has a market capitalization of £6.17 billion, a price-to-earnings ratio of 8,553.33, a PEG ratio of 1.42 and a beta of 0.66.

Analyst Ratings Changes

A number of brokerages recently weighed in on SBRY. Shore Capital reissued a “house stock” rating on shares of J Sainsbury in a research note on Friday, April 19th. Jefferies Financial Group raised J Sainsbury to a “buy” rating and set a GBX 300 ($3.71) target price on the stock in a report on Monday. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, J Sainsbury has a consensus rating of “Hold” and a consensus target price of GBX 281.67 ($3.48).

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 and the Republic of Ireland. It operates through three segments: Retail Food, Retail General Merchandise and Clothing, and Financial Services.