J Sainsbury (SBRY) Shares Up 0%

Shares of J Sainsbury plc (LON:SBRY) shot up 0% on Thursday . The stock traded as high as GBX 255.30 ($3.59) and last traded at GBX 254.20 ($3.57). 6,265,326 shares were traded during trading, a decline of 17% from the average session volume of 7,520,000 shares. The stock had previously closed at GBX 254.20 ($3.57).

Several research firms have recently weighed in on SBRY. Shore Capital restated a “buy” rating on shares of J Sainsbury in a report on Wednesday, October 18th. Credit Suisse Group cut J Sainsbury to a “neutral” rating and reduced their price target for the stock from GBX 295 ($4.14) to GBX 275 ($3.86) in a report on Monday, January 22nd. JPMorgan Chase & Co. restated an “underweight” rating and set a GBX 200 ($2.81) price target on shares of J Sainsbury in a report on Thursday, January 4th. Deutsche Bank reiterated a “hold” rating on shares of J Sainsbury in a report on Tuesday, December 19th. Finally, Goldman Sachs Group reiterated a “sell” rating on shares of J Sainsbury in a report on Thursday, January 4th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of GBX 259.33 ($3.64).

The company has a market capitalization of $5,580.00 and a PE ratio of 2,542.00.

The business also recently declared a dividend, which was paid on Tuesday, January 2nd. Investors of record on Thursday, November 16th were issued a dividend of GBX 3.10 ($0.04) per share. The ex-dividend date of this dividend was Thursday, November 16th. This represents a yield of 1.34%.

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J Sainsbury Company Profile

J Sainsbury plc is engaged in grocery-related retailing and retail banking. The Company’s segments include Retailing; Financial services, and Property investments. The Retailing segment is engaged in the operation of supermarkets and convenience. The Financial services segment includes the operations of Sainsbury’s Bank plc (Sainsbury’s Bank).

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