J Sainsbury (LON:SBRY) Price Target Cut to GBX 305 by Analysts at JPMorgan Chase & Co.

J Sainsbury (LON:SBRY - Free Report) had its price objective lowered by JPMorgan Chase & Co. from GBX 310 ($3.78) to GBX 305 ($3.72) in a research report released on Monday morning, MarketBeat reports. The firm currently has an overweight rating on the grocer's stock.

Separately, Shore Capital restated a "house stock" rating on shares of J Sainsbury in a report on Friday, November 22nd.

J Sainsbury Stock Up 0.5 %

SBRY stock traded up GBX 1.18 ($0.01) during trading on Monday, hitting GBX 253.18 ($3.09). 6,443,757 shares of the company's stock were exchanged, compared to its average volume of 101,100,320. The business has a 50-day moving average price of GBX 264.12 and a two-hundred day moving average price of GBX 272.48. The company has a current ratio of 0.66, a quick ratio of 0.53 and a debt-to-equity ratio of 95.36. The stock has a market capitalization of £5.90 billion, a price-to-earnings ratio of 4,219.70, a PEG ratio of 0.42 and a beta of 0.67. J Sainsbury has a 52-week low of GBX 237.60 ($2.90) and a 52-week high of GBX 301.40 ($3.68).

J Sainsbury Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, December 20th. Shareholders of record on Thursday, November 14th were given a dividend of GBX 3.90 ($0.05) per share. This represents a yield of 1.46%. The ex-dividend date of this dividend was Thursday, November 14th. J Sainsbury's dividend payout ratio (DPR) is 21,666.67%.

About J Sainsbury

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.