JPMorgan Chase & Co. Reaffirms “Underweight” Rating for J Sainsbury (LON:SBRY)

JPMorgan Chase & Co. reaffirmed their underweight rating on shares of J Sainsbury (LON:SBRY) in a report published on Friday morning, MarketBeat.com reports.

A number of other brokerages have also recently issued reports on SBRY. Shore Capital reissued a house stock rating on shares of J Sainsbury in a report on Monday, June 17th. Jefferies Financial Group raised shares of J Sainsbury to a buy rating and set a GBX 300 ($3.81) target price on the stock in a report on Monday, April 22nd.

J Sainsbury Stock Performance

Shares of J Sainsbury stock opened at GBX 255 ($3.23) on Friday. The company has a current ratio of 0.66, a quick ratio of 0.53 and a debt-to-equity ratio of 96.62. The company has a market cap of £6.02 billion, a P/E ratio of 4,250.00, a PEG ratio of 0.39 and a beta of 0.66. The business has a 50-day moving average price of GBX 268.98 and a two-hundred day moving average price of GBX 270.32. J Sainsbury has a 1-year low of GBX 243.80 ($3.09) and a 1-year high of GBX 311.16 ($3.95).

J Sainsbury Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, July 12th. Shareholders of record on Thursday, June 6th will be paid a GBX 9.20 ($0.12) dividend. The ex-dividend date is Thursday, June 6th. This is an increase from J Sainsbury’s previous dividend of $3.90. This represents a yield of 3.43%. J Sainsbury’s payout ratio is currently 21,666.67%.

Insiders Place Their Bets

In other news, insider Simon Roberts sold 189,648 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of GBX 263 ($3.34), for a total transaction of £498,774.24 ($632,721.35). 5.37% of the stock is currently owned by insiders.

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.