November 10, 2019 at 1:58 pm

Shore Capital Reaffirms “Hold” Rating for J Sainsbury (LON:SBRY)


Shore Capital reaffirmed their hold rating on shares of J Sainsbury (LON:SBRY) in a research report report published on Thursday, ThisIsMoney.Co.Uk reports.

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A number of other brokerages have also issued reports on SBRY. Berenberg Bank restated a hold rating and issued a GBX 235 ($3.07) target price on shares of J Sainsbury in a research note on Thursday, September 26th. Deutsche Bank upgraded J Sainsbury to a buy rating in a research note on Monday, September 23rd. Goldman Sachs Group upgraded J Sainsbury to a neutral rating and raised their target price for the stock from GBX 219 ($2.86) to GBX 220 ($2.87) in a research note on Tuesday, November 5th. Jefferies Financial Group increased their price target on J Sainsbury from GBX 200 ($2.61) to GBX 220 ($2.87) and gave the stock a hold rating in a research report on Tuesday, October 29th. Finally, UBS Group reaffirmed a buy rating on shares of J Sainsbury in a research report on Tuesday, September 24th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. The company has an average rating of Hold and an average price target of GBX 227.36 ($2.97).

SBRY stock traded down GBX 4.60 ($0.06) during midday trading on Thursday, reaching GBX 201 ($2.63). The stock had a trading volume of 12,628,143 shares, compared to its average volume of 9,310,000. The stock has a market cap of $4.45 billion and a PE ratio of 22.58. The company has a debt-to-equity ratio of 24.73, a quick ratio of 0.46 and a current ratio of 0.67. The firm has a fifty day simple moving average of GBX 212.45 and a two-hundred day simple moving average of GBX 205.02. J Sainsbury has a 52-week low of GBX 177.05 ($2.31) and a 52-week high of GBX 327.20 ($4.28).

The business also recently declared a dividend, which will be paid on Friday, December 20th. Shareholders of record on Thursday, November 14th will be given a dividend of GBX 3.30 ($0.04) per share. This represents a yield of 1.61%. The ex-dividend date is Thursday, November 14th. J Sainsbury’s dividend payout ratio is currently 1.24%.

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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