Shares of J. Sainsbury PLC (OTCMKTS:JSAIY - Get Free Report) dropped 4.5% during mid-day trading on Wednesday . The company traded as low as $15.44 and last traded at $15.44. Approximately 1,256 shares traded hands during trading, a decline of 97% from the average daily volume of 41,027 shares. The stock had previously closed at $16.17.
Analysts Set New Price Targets
JSAIY has been the subject of several research analyst reports. Hsbc Global Res upgraded J. Sainsbury from a "hold" rating to a "strong-buy" rating in a report on Friday, March 21st. Jefferies Financial Group downgraded J. Sainsbury from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Kepler Capital Markets downgraded J. Sainsbury from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 23rd. Finally, BNP Paribas downgraded J. Sainsbury from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 1st. 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.com, the company currently has an average rating of "Buy".
Get Our Latest Research Report on J. Sainsbury
J. Sainsbury Stock Performance
The company has a fifty day simple moving average of $15.41 and a two-hundred day simple moving average of $13.88. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.57 and a current ratio of 0.74.
J. Sainsbury Increases Dividend
The company also recently declared a dividend, which will be paid on Monday, July 21st. Shareholders of record on Monday, June 9th will be paid a $0.4798 dividend. This is an increase from J. Sainsbury's previous dividend of $0.20. The ex-dividend date is Friday, June 6th. This represents a dividend yield of 4.13%.
About J. Sainsbury
(
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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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