J Sainsbury plc (LON:SBRY) shares hit a new 52-week low during trading on Monday . The company traded as low as GBX 222.40 ($2.93) and last traded at GBX 224.80 ($2.96), with a volume of 11843388 shares trading hands. The stock had previously closed at GBX 224.80 ($2.96).

Several analysts have weighed in on SBRY shares. reiterated a “reduce” rating on shares of J Sainsbury plc in a research note on Wednesday, September 6th. Credit Suisse Group dropped their target price on shares of J Sainsbury plc from GBX 320 ($4.21) to GBX 295 ($3.88) and set an “outperform” rating for the company in a research report on Monday, October 2nd. Shore Capital restated a “buy” rating on shares of J Sainsbury plc in a research report on Tuesday, August 22nd. Deutsche Bank AG restated a “hold” rating and issued a GBX 300 ($3.95) target price on shares of J Sainsbury plc in a research report on Thursday. Finally, BNP Paribas restated a “neutral” rating and issued a GBX 250 ($3.29) target price on shares of J Sainsbury plc in a research report on Wednesday, September 13th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of GBX 265.69 ($3.49).

The company also recently disclosed a dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Thursday, November 16th will be paid a GBX 3.10 ($0.04) dividend. This represents a dividend yield of 1.34%. The ex-dividend date of this dividend is Thursday, November 16th.

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J Sainsbury plc Company Profile

J Sainsbury plc is engaged in grocery-related retailing and retail banking. The Company’s segments include Retailing; Financial services, and Property investments. The Retailing segment is engaged in the operation of supermarkets and convenience. The Financial services segment includes the operations of Sainsbury’s Bank plc (Sainsbury’s Bank).

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