J Sainsbury (LON:SBRY) Given New GBX 305 Price Target at JPMorgan Chase & Co.

J Sainsbury (LON:SBRY) had its price target trimmed by JPMorgan Chase & Co. from GBX 310 ($3.79) to GBX 305 ($3.73) in a report issued on Monday morning, Marketbeat reports. The brokerage currently has an overweight rating on the grocer’s stock.

Separately, Shore Capital reissued a “house stock” rating on shares of J Sainsbury in a research note on Friday, November 22nd.

J Sainsbury Trading Up 2.1 %

Shares of SBRY stock opened at GBX 257 ($3.15) on Monday. J Sainsbury has a fifty-two week low of GBX 237.60 ($2.91) and a fifty-two week high of GBX 301.40 ($3.69). The company has a quick ratio of 0.53, a current ratio of 0.66 and a debt-to-equity ratio of 95.36. The stock has a 50-day simple moving average of GBX 263.57 and a 200 day simple moving average of GBX 272.41. The stock has a market capitalization of £5.99 billion, a P/E ratio of 4,283.33, a P/E/G ratio of 0.42 and a beta of 0.67.

J Sainsbury Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, December 20th. Shareholders of record on Thursday, November 14th were paid a dividend of GBX 3.90 ($0.05) per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a yield of 1.46%. J Sainsbury’s dividend payout ratio (DPR) is presently 21,666.67%.

J Sainsbury Company Profile

J Sainsbury plc is one of the UK’s leading food, general merchandise and clothing retailers.

Offering delicious, great quality food at competitive prices has been at the heart of what we do since we opened our first store in 1869. Today, inspiring and delighting our customers with tasty food remains our priority.