J Sainsbury (LON:SBRY) Shares Up 0.7% – Should You Buy?

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

Analyst Upgrades and Downgrades

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

J Sainsbury Price Performance

The business has a fifty day moving average price of GBX 268.32 and a 200 day moving average price of GBX 273.12. The company has a market capitalization 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.

J Sainsbury Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, December 20th. Shareholders of record on Thursday, November 14th will be issued a GBX 3.90 ($0.05) dividend. This represents a yield of 1.46%. The ex-dividend date of this dividend is Thursday, November 14th. J Sainsbury’s 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.