J Sainsbury (LON:SBRY) Stock Price Crosses Below 200 Day Moving Average of $271.42

J Sainsbury plc (LON:SBRY) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 271.42 ($3.44) and traded as low as GBX 260.20 ($3.30). J Sainsbury shares last traded at GBX 260.20 ($3.30), with a volume of 4,963,505 shares traded.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SBRY. JPMorgan Chase & Co. raised their price target on J Sainsbury from GBX 236 ($2.99) to GBX 262 ($3.32) and gave the stock an “underweight” rating in a research report on Wednesday, May 15th. Shore Capital reiterated a “house stock” rating on shares of J Sainsbury in a report on Monday, June 17th. Finally, Jefferies Financial Group upgraded J Sainsbury to a “buy” rating and set a GBX 300 ($3.81) price objective on the stock in a research report on Monday, April 22nd.

J Sainsbury Trading Up 0.4 %

The stock has a market capitalization of £6.16 billion, a P/E ratio of 4,336.67, a price-to-earnings-growth ratio of 0.39 and a beta of 0.66. The stock has a 50-day moving average price of GBX 269.10 and a two-hundred day moving average price of GBX 271.42. The company has a debt-to-equity ratio of 96.62, a quick ratio of 0.53 and a current ratio of 0.66.

J Sainsbury Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, July 12th. Stockholders of record on Thursday, June 6th will be given a GBX 9.20 ($0.12) dividend. This is a positive change from J Sainsbury’s previous dividend of $3.90. This represents a dividend yield of 3.43%. The ex-dividend date of this dividend is Thursday, June 6th. J Sainsbury’s dividend payout ratio (DPR) is currently 21,666.67%.

Insider Transactions at J Sainsbury

In related news, insider Simon Roberts sold 189,648 shares of J Sainsbury stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of GBX 263 ($3.34), for a total transaction of £498,774.24 ($632,721.35). Corporate insiders own 5.37% of the company’s stock.

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.