J Sainsbury (SBRY) Reaches New 12-Month High at $332.60

J Sainsbury plc (LON:SBRY)’s share price reached a new 52-week high on Tuesday . The company traded as high as GBX 332.60 ($4.43) and last traded at GBX 329.40 ($4.39), with a volume of 6384248 shares. The stock had previously closed at GBX 329.10 ($4.38).

A number of research firms have weighed in on SBRY. HSBC reaffirmed a “hold” rating on shares of J Sainsbury in a research report on Thursday, July 5th. Deutsche Bank reissued a “hold” rating on shares of J Sainsbury in a report on Thursday, July 5th. Shore Capital downgraded J Sainsbury to a “hold” rating in a report on Wednesday, July 4th. Sanford C. Bernstein reissued a “market perform” rating on shares of J Sainsbury in a report on Tuesday, May 22nd. Finally, UBS Group reissued a “buy” rating and issued a GBX 400 ($5.33) price objective (up previously from GBX 325 ($4.33)) on shares of J Sainsbury in a report on Tuesday, July 3rd. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. J Sainsbury presently has a consensus rating of “Hold” and an average target price of GBX 302.79 ($4.03).

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J Sainsbury (LON:SBRY) last posted its quarterly earnings results on Monday, April 30th. The grocer reported GBX 20.40 ($0.27) earnings per share for the quarter, beating analysts’ consensus estimates of GBX 19.20 ($0.26) by GBX 1.20 ($0.02). J Sainsbury had a return on equity of 4.21% and a net margin of 1.13%.

The firm also recently declared a dividend, which will be paid on Friday, July 13th. Investors of record on Thursday, June 7th will be paid a GBX 7.10 ($0.09) dividend. This represents a yield of 2.3%. The ex-dividend date of this dividend is Thursday, June 7th. This is a boost from J Sainsbury’s previous dividend of $3.10.

In related news, insider Michael Andrew Coupe sold 154,948 shares of the stock in a transaction on Friday, May 4th. The stock was sold at an average price of GBX 301 ($4.01), for a total value of 拢466,393.48 ($620,947.25).

J Sainsbury Company Profile

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.