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%.
ILLEGAL ACTIVITY NOTICE: This story was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this story on another website, it was stolen and reposted in violation of US and international copyright and trademark legislation. The legal version of this story can be read at https://www.dispatchtribunal.com/2018/02/01/j-sainsbury-sbry-shares-up-0.html.
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).
Receive News & Ratings for J Sainsbury Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J Sainsbury and related companies with MarketBeat.com's FREE daily email newsletter.