J Sainsbury (LON:SBRY) Receives Underweight Rating from JPMorgan Chase & Co.

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

Several other research firms have also commented on SBRY. Shore Capital restated 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 ($3.79) price target for the company in a research report on Monday, April 22nd.

J Sainsbury Trading Up 1.1 %

Shares of SBRY stock opened at GBX 257.80 ($3.26) on Friday. J Sainsbury has a 1-year low of GBX 243.80 ($3.08) and a 1-year high of GBX 311.16 ($3.94). The firm’s 50-day simple moving average is GBX 268.76 and its 200-day simple moving average is GBX 270.02. The company has a debt-to-equity ratio of 96.62, a current ratio of 0.66 and a quick ratio of 0.53. The firm has a market cap of £6.08 billion, a P/E ratio of 4,296.67, a PEG ratio of 0.39 and a beta of 0.66.

J Sainsbury Increases Dividend

The business also recently announced 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. This represents a yield of 3.43%. This is a boost from J Sainsbury’s previous dividend of $3.90. The ex-dividend date is Thursday, June 6th. J Sainsbury’s dividend payout ratio (DPR) is presently 21,666.67%.

Insider Buying and Selling at J Sainsbury

In other J Sainsbury news, insider Simon Roberts sold 189,648 shares of the business’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of GBX 263 ($3.33), for a total value of £498,774.24 ($630,880.65). 5.37% of the stock is currently owned by company 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.