JPMorgan Chase & Co. restated their underweight rating on shares of J Sainsbury (LON:SBRY – Free Report) 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.
Check Out Our Latest Stock Analysis on J Sainsbury
J Sainsbury Trading Up 1.1 %
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.
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