J. Sainsbury (OTCMKTS:JSAIY) Stock Price Down 1.1% - What's Next?

Key Points

• J. Sainsbury's shares fell by 1.1% to trade at approximately $16.40 amid increased trading volume.
• Multiple analysts revised their ratings for the stock, with Kepler Capital Markets and Jefferies Financial Group both downgrading to a hold rating, while the average analyst rating remains at "Buy".
• The company recently announced a dividend increase to $0.4798 per share, significantly up from the previous dividend of $0.20, reflecting a notable yield of 413.0%.

J. Sainsbury PLC (OTCMKTS:JSAIY - Get Free Report)'s share price traded down 1.1% during mid-day trading on Thursday . The company traded as low as $16.25 and last traded at $16.40. 29,830 shares traded hands during trading, an increase of 16% from the average session volume of 25,617 shares. The stock had previously closed at $16.59.

Wall Street Analysts Forecast Growth

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

J. Sainsbury Stock Down 0.1%

The company has a debt-to-equity ratio of 0.16, a current ratio of 0.74 and a quick ratio of 0.57. The company's 50-day simple moving average is $15.94 and its 200 day simple moving average is $14.23.

J. Sainsbury Increases Dividend

The business also recently announced a dividend, which was paid on Monday, July 21st. Investors of record on Monday, June 9th were paid a dividend of $0.4798 per share. This represents a yield of 413.0%. The ex-dividend date was Friday, June 6th. This is an increase from J. Sainsbury's previous dividend of $0.20.

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.