J Sainsbury (LON:SBRY) Stock Price Up 0.7% – Here’s Why

Shares of J Sainsbury plc (LON:SBRY) shot up 0.7% on Friday . The stock traded as high as GBX 280.80 ($3.54) and last traded at GBX 280 ($3.53). 6,742,338 shares were traded during trading, a decline of 12% from the average session volume of 7,639,224 shares. The stock had previously closed at GBX 278 ($3.51).

Analyst Upgrades and Downgrades

Separately, Shore Capital reaffirmed a “house stock” rating on shares of J Sainsbury in a research note on Friday, November 22nd.

J Sainsbury Trading Up 0.7 %

The company has a market cap of £6.52 billion, a price-to-earnings ratio of 4,666.67, a price-to-earnings-growth ratio of 0.42 and a beta of 0.67. 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 business’s fifty day moving average price is GBX 268.32 and its 200 day moving average price is GBX 273.12.

J Sainsbury Cuts Dividend

The company 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. This represents a yield of 1.46%. The ex-dividend date of this dividend is Thursday, November 14th. J Sainsbury’s dividend payout ratio is 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.