J Sainsbury plc (LON:SBRY) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $203.93 and traded as high as $214.20. J Sainsbury shares last traded at $212.30, with a volume of 11,559,177 shares changing hands.

A number of analysts have recently issued reports on SBRY shares. Jefferies Financial Group increased their target price on J Sainsbury from GBX 200 ($2.61) to GBX 220 ($2.87) and gave the company a “hold” rating in a report on Tuesday, October 29th. Shore Capital restated a “hold” rating on shares of J Sainsbury in a report on Thursday, November 7th. Investec upped their price target on shares of J Sainsbury from GBX 265 ($3.46) to GBX 280 ($3.66) and gave the stock a “buy” rating in a research note on Wednesday, August 28th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 235 ($3.07) price target on shares of J Sainsbury in a research note on Monday, November 11th. Finally, Barclays reaffirmed an “overweight” rating and issued a GBX 250 ($3.27) price target on shares of J Sainsbury in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. J Sainsbury presently has a consensus rating of “Hold” and an average price target of GBX 227.36 ($2.97).

The company has a quick ratio of 0.49, a current ratio of 0.65 and a debt-to-equity ratio of 92.93. The firm has a market capitalization of $4.70 billion and a price-to-earnings ratio of 117.94. The stock’s 50 day moving average price is GBX 210.09 and its two-hundred day moving average price is GBX 203.93.

The business also recently declared a dividend, which will be paid on Friday, December 20th. Stockholders of record on Thursday, November 14th will be paid a GBX 3.30 ($0.04) dividend. This represents a dividend yield of 1.61%. The ex-dividend date of this dividend is Thursday, November 14th. J Sainsbury’s dividend payout ratio (DPR) is presently 6.11%.

About J Sainsbury (LON:SBRY)

J Sainsbury plc, together with its subsidiaries, engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom. It operates through four segments: Retail – Food; Retail – General Merchandise and Clothing; Financial Services; and Property Investment.

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