J Sainsbury plc (LON:SBRY)’s share price traded down 0% during mid-day trading on Monday . The stock traded as low as GBX 231.70 ($3.12) and last traded at GBX 232.90 ($3.13). 9,762,095 shares changed hands during mid-day trading, an increase of 3% from the average session volume of 9,520,000 shares. The stock had previously closed at GBX 233 ($3.14).
Several equities analysts recently issued reports on the company. J P Morgan Chase & Co restated an “underweight” rating and issued a GBX 200 ($2.69) price target on shares of J Sainsbury in a research report on Wednesday, November 29th. Berenberg Bank restated a “buy” rating and issued a GBX 300 ($4.04) price target on shares of J Sainsbury in a research report on Thursday, November 23rd. Deutsche Bank restated a “hold” rating and issued a GBX 300 ($4.04) price target on shares of J Sainsbury in a research report on Thursday, November 16th. reiterated a “reduce” rating and set a GBX 200 ($2.69) target price on shares of J Sainsbury in a research report on Monday, November 13th. Finally, Jefferies Group reiterated a “hold” rating and set a GBX 250 ($3.36) target price on shares of J Sainsbury in a research report on Friday, November 10th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 265.69 ($3.58).
The firm also recently declared a dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Thursday, November 16th will be paid a dividend of GBX 3.10 ($0.04) per share. This represents a dividend yield of 1.34%. The ex-dividend date is Thursday, November 16th.
About J Sainsbury
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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