J. Sainsbury (OTCMKTS:JSAIY) Sets New 52-Week High - Still a Buy?

J. Sainsbury PLC (OTCMKTS:JSAIY - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $16.56 and last traded at $16.52, with a volume of 4126 shares changing hands. The stock had previously closed at $16.33.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on JSAIY. BNP Paribas downgraded shares of J. Sainsbury from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 1st. Jefferies Financial Group downgraded shares of J. Sainsbury from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, Kepler Capital Markets downgraded shares of J. Sainsbury from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 23rd. Three equities research analysts have rated the stock with a hold rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy".

J. Sainsbury Trading Down 0.3%

The company has a quick ratio of 0.57, a current ratio of 0.74 and a debt-to-equity ratio of 0.16. The company's fifty day moving average price is $15.81 and its two-hundred day moving average price is $14.08.

J. Sainsbury Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, July 21st. Investors of record on Monday, June 9th were paid a $0.4798 dividend. This is a boost from J. Sainsbury's previous dividend of $0.20. The ex-dividend date of this dividend was Friday, June 6th. This represents a dividend yield of 4.13%.

J. Sainsbury Company Profile

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.