Jefferies Financial Group reiterated their buy rating on shares of J Sainsbury (LON:SBRY – Free Report) in a report released on Tuesday, MarketBeat reports. The brokerage currently has a GBX 300 ($3.79) price target on the grocer’s stock.
Several other research analysts have also recently commented on SBRY. Shore Capital reaffirmed a house stock rating on shares of J Sainsbury in a research report on Tuesday. JPMorgan Chase & Co. reaffirmed an underweight rating on shares of J Sainsbury in a research report on Friday, June 28th.
Get Our Latest Research Report on J Sainsbury
J Sainsbury Stock Down 2.9 %
J Sainsbury Increases Dividend
The business also recently disclosed a dividend, which will be paid on Friday, July 12th. Shareholders of record on Thursday, June 6th will be paid a dividend of GBX 9.20 ($0.12) per share. This is a positive change from J Sainsbury’s previous dividend of $3.90. This represents a yield of 3.43%. The ex-dividend date is Thursday, June 6th. J Sainsbury’s dividend payout ratio is currently 21,666.67%.
Insiders Place Their Bets
In other J Sainsbury news, insider Simon Roberts sold 189,648 shares of the stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of GBX 263 ($3.33), for a total transaction of £498,774.24 ($630,880.65). 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.
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