J Sainsbury (JSAIY) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of J Sainsbury (OTCMKTS:JSAIY) from a hold rating to a buy rating in a research report report published on Wednesday. They currently have $13.00 price target on the stock.

According to Zacks, “J Sainsbury plc is a leading UK food retailer with interests in financial services. It consists of Sainsbury’s Supermarkets, Sainsbury’s Local, Bells Stores, Jacksons Stores and JB Beaumont, Sainsbury’s Online and Sainsbury’s Bank. It employs 148,000 people. “

A number of other research analysts also recently issued reports on the stock. Berenberg Bank downgraded shares of J Sainsbury from a buy rating to a hold rating in a research report on Thursday, February 21st. HSBC restated a reduce rating on shares of J Sainsbury in a research report on Friday, January 4th. UBS Group downgraded shares of J Sainsbury from a buy rating to a neutral rating in a research report on Thursday, February 21st. Shore Capital downgraded shares of J Sainsbury from a hold rating to a sell rating in a research report on Wednesday, February 20th. Finally, Barclays downgraded shares of J Sainsbury from an overweight rating to an equal weight rating in a research report on Thursday, February 21st. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $13.00.

OTCMKTS JSAIY opened at $11.96 on Wednesday. The firm has a market cap of $6.60 billion, a P/E ratio of 11.07, a price-to-earnings-growth ratio of 2.02 and a beta of 0.88. J Sainsbury has a 1 year low of $11.64 and a 1 year high of $17.70.

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. It operates through four segments: Retail – Food; Retail – General Merchandise and Clothing; Financial Services; and Property Investment.

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