JPMorgan Chase & Co. reissued their underweight rating on shares of J Sainsbury (LON:SBRY – Free Report) in a research report released on Friday, Marketbeat Ratings reports.
Several other research analysts also recently weighed in on the stock. Jefferies Financial Group upgraded shares of J Sainsbury to a buy rating and set a GBX 300 ($3.79) price target on the stock in a research report on Monday, April 22nd. Shore Capital reiterated a house stock rating on shares of J Sainsbury in a research report on Monday, June 17th.
Get Our Latest Stock Report on J Sainsbury
J Sainsbury Stock Up 1.1 %
J Sainsbury Increases Dividend
The company also recently disclosed a dividend, which will be paid on Friday, July 12th. Stockholders of record on Thursday, June 6th will be paid a GBX 9.20 ($0.12) dividend. The ex-dividend date is Thursday, June 6th. This is a boost from J Sainsbury’s previous dividend of $3.90. This represents a dividend yield of 3.43%. J Sainsbury’s dividend payout ratio is 21,666.67%.
Insider Transactions at J Sainsbury
In other news, insider Simon Roberts sold 189,648 shares of the stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of GBX 263 ($3.33), for a total value of £498,774.24 ($630,880.65). Corporate insiders own 5.37% of the company’s stock.
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 and the Republic of Ireland. It operates through three segments: Retail Food, Retail General Merchandise and Clothing, and Financial Services.
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