J Sainsbury (LON:SBRY) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of J Sainsbury plc (LON:SBRY) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 272.96 ($3.43) and traded as high as GBX 273.20 ($3.43). J Sainsbury shares last traded at GBX 270.20 ($3.40), with a volume of 10,565,847 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Shore Capital reaffirmed a “house stock” rating on shares of J Sainsbury in a research report on Friday, November 22nd.

J Sainsbury Stock Performance

The stock has a market capitalization of £6.30 billion, a price-to-earnings ratio of 4,503.33, a price-to-earnings-growth ratio of 0.42 and a beta of 0.67. The company has a 50 day simple moving average of GBX 266.84 and a 200-day simple moving average of GBX 272.96. The company has a quick ratio of 0.53, a current ratio of 0.66 and a debt-to-equity ratio of 95.36.

J Sainsbury Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, December 20th. Investors of record on Thursday, November 14th were given a dividend of GBX 3.90 ($0.05) per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a dividend yield of 1.46%. J Sainsbury’s payout ratio is presently 21,666.67%.

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.