J Sainsbury plc (LON:SBRY) shares were up 0% during mid-day trading on Wednesday . The company traded as high as GBX 224.70 ($2.96) and last traded at GBX 230.40 ($3.03). Approximately 9,266,861 shares were traded during trading, an increase of 1% from the average daily volume of 9,180,000 shares. The stock had previously closed at GBX 230.40 ($3.03).
SBRY has been the topic of a number of recent analyst reports. Berenberg Bank initiated coverage on shares of J Sainsbury plc in a research report on Tuesday, October 3rd. They set a “buy” rating and a GBX 300 ($3.95) price target on the stock. Citigroup Inc. restated a “buy” rating and set a GBX 305 ($4.01) price target on shares of J Sainsbury plc in a research report on Wednesday, September 20th. Shore Capital restated a “buy” rating on shares of J Sainsbury plc in a research report on Tuesday, August 22nd. Barclays PLC dropped their price target on shares of J Sainsbury plc from GBX 260 ($3.42) to GBX 240 ($3.16) and set an “equal weight” rating on the stock in a research report on Friday, September 1st. Finally, Deutsche Bank AG restated a “hold” rating and set a GBX 300 ($3.95) price target on shares of J Sainsbury plc in a research report on Wednesday, July 26th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. J Sainsbury plc presently has a consensus rating of “Hold” and a consensus target price of GBX 265.69 ($3.49).
The company also recently declared a dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Thursday, November 16th will be issued a dividend of GBX 3.10 ($0.04) per share. The ex-dividend date is Thursday, November 16th. This represents a dividend 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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