J Sainsbury (SBRY) Trading Up 2.7%
J Sainsbury plc (LON:SBRY) was up 2.7% during mid-day trading on Tuesday . The company traded as high as GBX 242.60 ($3.27) and last traded at GBX 239.30 ($3.22). Approximately 13,766,936 shares were traded during trading, an increase of 43% from the average daily volume of 9,640,000 shares. The stock had previously closed at GBX 232.90 ($3.13).
A number of equities research analysts have recently issued reports on SBRY shares. Shore Capital reiterated a “buy” rating on shares of J Sainsbury in a research report on Tuesday, August 22nd. Credit Suisse Group reiterated an “outperform” rating and set a GBX 320 ($4.31) price target on shares of J Sainsbury in a research report on Tuesday, August 29th. Barclays reduced their price target on shares of J Sainsbury from GBX 260 ($3.50) to GBX 240 ($3.23) and set an “equal weight” rating for the company in a research report on Friday, September 1st. reiterated a “reduce” rating on shares of J Sainsbury in a research report on Wednesday, September 6th. Finally, BNP Paribas reiterated a “neutral” rating and set a GBX 250 ($3.36) price target on shares of J Sainsbury 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 company. The company presently has an average rating of “Hold” and a consensus target price of GBX 267.23 ($3.60).
The company also recently announced a dividend, which will be paid on Tuesday, January 2nd. Investors of record on Thursday, November 16th will be paid a GBX 3.10 ($0.04) dividend. The ex-dividend date is Thursday, November 16th. This represents a yield of 1.34%.
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About J Sainsbury
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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