Brokerages Set J Sainsbury plc (LON:SBRY) Target Price at GBX 241.38

J Sainsbury plc (LON:SBRY) has received a consensus recommendation of “Hold” from the thirteen research firms that are currently covering the company, reports. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is GBX 241.38 ($3.15).

Several equities analysts have recently commented on the stock. Morgan Stanley assumed coverage on shares of in a report on Monday, June 17th. They set an “equal weight” rating and a GBX 215 ($2.81) price target on the stock. Shore Capital restated a “buy” rating on shares of JD Sports Fashion in a report on Wednesday, July 3rd. UBS Group set a $54.00 price target on shares of Westlake Chemical and gave the company a “sell” rating in a report on Tuesday, July 2nd. Jefferies Financial Group boosted their price target on shares of EXACT Sciences from $100.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Finally, Berenberg Bank boosted their price target on shares of Yellow Cake from GBX 273 ($3.57) to GBX 280 ($3.66) and gave the company a “buy” rating in a report on Tuesday, April 16th.

LON SBRY traded down GBX 0.35 ($0.00) on Friday, hitting GBX 199.60 ($2.61). 10,795,412 shares of the stock were exchanged, compared to its average volume of 9,310,000. J Sainsbury has a 52-week low of GBX 185.30 ($2.42) and a 52-week high of GBX 341.80 ($4.47). The company has a debt-to-equity ratio of 24.73, a current ratio of 0.67 and a quick ratio of 0.46. The company has a market cap of $4.41 billion and a P/E ratio of 22.43. The business’s 50-day moving average price is GBX 197.47.

The firm also recently disclosed a dividend, which was paid on Friday, July 12th. Investors of record on Thursday, June 6th were paid a GBX 7.90 ($0.10) dividend. This represents a dividend yield of 3.55%. The ex-dividend date of this dividend was Thursday, June 6th. This is a positive change from J Sainsbury’s previous dividend of $3.10. J Sainsbury’s payout ratio is presently 1.24%.

In related news, insider Michael Andrew Coupe sold 135,219 shares of J Sainsbury stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of GBX 210 ($2.74), for a total value of £283,959.90 ($371,043.90). In the last ninety days, insiders purchased 100,222 shares of company stock valued at $23,145,991.

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. It operates through four segments: Retail – Food; Retail – General Merchandise and Clothing; Financial Services; and Property Investment.

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Analyst Recommendations for J Sainsbury (LON:SBRY)

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