J Sainsbury (OTCMKTS:JSAIY) Shares Pass Above 50 Day Moving Average – What’s Next?

J Sainsbury plc (OTCMKTS:JSAIY) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $13.80 and traded as high as $14.45. J Sainsbury shares last traded at $13.89, with a volume of 26,181 shares trading hands.

Analysts Set New Price Targets

JSAIY has been the topic of a number of analyst reports. BNP Paribas upgraded J Sainsbury to a “strong-buy” rating in a research note on Friday, October 18th. UBS Group upgraded J Sainsbury to a “strong-buy” rating in a research report on Monday, September 16th. Barclays raised shares of J Sainsbury to a “strong-buy” rating in a report on Monday, September 16th. Finally, Royal Bank of Canada raised shares of J Sainsbury to a “moderate buy” rating in a research note on Tuesday, November 19th.

J Sainsbury Trading Down 1.6 %

The company has a debt-to-equity ratio of 0.16, a current ratio of 0.66 and a quick ratio of 0.49. The firm’s fifty day moving average price is $13.80 and its two-hundred day moving average price is $14.30.

J Sainsbury Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, November 18th will be paid a $0.2025 dividend. The ex-dividend date of this dividend is Monday, November 18th.

J Sainsbury Company Profile

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.