J Sainsbury (LON:SBRY) Price Target Cut to GBX 305 by Analysts at JPMorgan Chase & Co.

J Sainsbury (LON:SBRY) had its target price lowered by JPMorgan Chase & Co. from GBX 310 ($3.79) to GBX 305 ($3.73) in a research report sent to investors on Monday morning, Marketbeat reports. The firm currently has an overweight rating on the grocer’s stock.

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

J Sainsbury Price Performance

Shares of LON SBRY opened at GBX 253.18 ($3.10) on Monday. The stock has a market capitalization of £5.90 billion, a price-to-earnings ratio of 4,219.70, a PEG ratio of 0.42 and a beta of 0.67. The business has a 50-day moving average of GBX 264.12 and a 200-day moving average of GBX 272.48. The company has a debt-to-equity ratio of 95.36, a current ratio of 0.66 and a quick ratio of 0.53. J Sainsbury has a fifty-two week low of GBX 237.60 ($2.91) and a fifty-two week high of GBX 301.40 ($3.69).

J Sainsbury Cuts Dividend

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

J Sainsbury Company Profile

J Sainsbury plc is one of the UK’s leading food, general merchandise and clothing retailers.

Offering delicious, great quality food at competitive prices has been at the heart of what we do since we opened our first store in 1869. Today, inspiring and delighting our customers with tasty food remains our priority.