J Sainsbury (LON:SBRY) Earns “House Stock” Rating from Shore Capital

Shore Capital reissued their house stock rating on shares of J Sainsbury (LON:SBRY) in a research report report published on Thursday, Marketbeat reports.

J Sainsbury Stock Performance

Shares of J Sainsbury stock traded down GBX 6.63 ($0.09) during midday trading on Thursday, hitting GBX 250.17 ($3.26). The company had a trading volume of 10,921,410 shares, compared to its average volume of 7,500,426. The company has a debt-to-equity ratio of 95.36, a current ratio of 0.66 and a quick ratio of 0.53. The stock has a market cap of £5.83 billion, a PE ratio of 4,280.00, a P/E/G ratio of 0.42 and a beta of 0.67. The business’s 50 day simple moving average is GBX 284.76 and its two-hundred day simple moving average is GBX 274.47. J Sainsbury has a 1-year low of GBX 244.70 ($3.19) and a 1-year high of GBX 311.16 ($4.05).

J Sainsbury Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, December 20th. Shareholders of record on Thursday, November 14th will be issued a dividend of GBX 3.90 ($0.05) per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a dividend yield of 1.46%. J Sainsbury’s payout ratio is presently 21,666.67%.

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 and the Republic of Ireland. It operates through three segments: Retail Food, Retail General Merchandise and Clothing, and Financial Services.