JPMorgan Chase & Co. Cuts J Sainsbury (LON:SBRY) Price Target to GBX 305

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

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

J Sainsbury Stock Up 2.1 %

Shares of LON:SBRY opened at GBX 257 ($3.15) on Monday. The firm has a market cap of £5.99 billion, a PE ratio of 4,283.33, a price-to-earnings-growth ratio of 0.42 and a beta of 0.67. The company has a fifty day simple moving average of GBX 263.57 and a 200 day simple moving average of GBX 272.41. The company has a current ratio of 0.66, a quick ratio of 0.53 and a debt-to-equity ratio of 95.36. J Sainsbury has a 12-month low of GBX 237.60 ($2.91) and a 12-month high of GBX 301.40 ($3.69).

J Sainsbury Cuts Dividend

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