J Sainsbury (LON:SBRY) Hits New 52-Week Low – What’s Next?

J Sainsbury plc (LON:SBRY)’s stock price hit a new 52-week low on Monday . The company traded as low as GBX 243.80 ($3.17) and last traded at GBX 244.20 ($3.18), with a volume of 18614709 shares trading hands. The stock had previously closed at GBX 250.17 ($3.26).

Analysts Set New Price Targets

Separately, Shore Capital reiterated a “house stock” rating on shares of J Sainsbury in a research note on Thursday.

J Sainsbury Price Performance

The stock has a market capitalization of £5.67 billion, a P/E ratio of 4,153.33, a PEG ratio of 0.42 and a beta of 0.67. The company’s 50 day simple moving average is GBX 283.99 and its two-hundred day simple moving average is GBX 274.51. 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. Investors of record on Thursday, November 14th will be given a dividend of GBX 3.90 ($0.05) per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a yield of 1.46%. J Sainsbury’s dividend payout ratio (DPR) is presently 21,666.67%.

About J Sainsbury

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.