J Sainsbury plc (LON:SBRY) declared a dividend on Wednesday, May 3rd. Shareholders of record on Thursday, May 11th will be given a dividend of GBX 6.60 ($0.09) per share by the grocer on Friday, July 7th. This represents a yield of 2.36%. The ex-dividend date of this dividend is Thursday, May 11th. This is a boost from J Sainsbury plc’s previous dividend of $3.60. The official announcement can be seen at this link.
J Sainsbury plc (LON:SBRY) traded up 0.40% on Friday, reaching GBX 274.30. 8,059,281 shares of the company’s stock traded hands. The stock’s market cap is GBX 5.88 billion. The company’s 50 day moving average is GBX 265.89 and its 200-day moving average is GBX 257.62. J Sainsbury plc has a 52-week low of GBX 211.50 and a 52-week high of GBX 282.30.
A number of brokerages have commented on SBRY. HSBC Holdings plc reiterated a “reduce” rating and issued a GBX 205 ($2.65) target price on shares of J Sainsbury plc in a report on Monday, April 24th. Shore Capital reiterated a “buy” rating on shares of J Sainsbury plc in a report on Thursday, March 16th. Goldman Sachs Group Inc reiterated a “sell” rating and issued a GBX 205 ($2.65) target price on shares of J Sainsbury plc in a report on Wednesday, April 12th. Deutsche Bank AG restated a “hold” rating and set a GBX 300 ($3.87) price objective on shares of J Sainsbury plc in a report on Wednesday, May 10th. Finally, Barclays PLC restated an “equal weight” rating and set a GBX 260 ($3.36) price objective on shares of J Sainsbury plc in a report on Thursday, May 4th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 256 ($3.30).
In other news, insider Michael Andrew Coupe sold 86,095 shares of the stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of GBX 259 ($3.34), for a total transaction of £222,986.05 ($287,835.36). Also, insider Jean Tomlin bought 3,100 shares of the firm’s stock in a transaction dated Thursday, May 11th. The shares were acquired at an average price of GBX 265 ($3.42) per share, for a total transaction of £8,215 ($10,604.10). In the last 90 days, insiders acquired 25,111 shares of company stock worth $6,676,509.
About J Sainsbury plc
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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