A number of other equities research analysts have also weighed in on the stock. Deutsche Bank AG restated a hold rating on shares of J Sainsbury plc in a research report on Wednesday, October 18th. Jefferies Group LLC decreased their target price on shares of J Sainsbury plc from GBX 260 ($3.42) to GBX 250 ($3.29) and set a hold rating for the company in a research report on Monday, October 23rd. HSBC Holdings plc restated a reduce rating and set a GBX 200 ($2.63) target price on shares of J Sainsbury plc in a research report on Wednesday, July 19th. Credit Suisse Group restated an outperform rating and set a GBX 295 ($3.88) target price on shares of J Sainsbury plc in a research report on Friday, October 20th. Finally, Citigroup Inc. restated a buy rating and set a GBX 305 ($4.01) target price on shares of J Sainsbury plc in a research report on Wednesday, September 20th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of GBX 267.43 ($3.52).
Shares of J Sainsbury plc (LON SBRY) traded up GBX 3 ($0.04) on Thursday, hitting GBX 232.20 ($3.05). 10,541,454 shares of the stock were exchanged, compared to its average volume of 8,440,000. J Sainsbury plc has a 12-month low of GBX 224.10 ($2.95) and a 12-month high of GBX 283.60 ($3.73).
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The firm also recently disclosed a dividend, which will be paid on Tuesday, January 2nd. Investors of record on Thursday, November 16th will be paid a dividend of GBX 3.10 ($0.04) per share. The ex-dividend date is Thursday, November 16th. This represents a yield of 1.34%.
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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