Citigroup Inc. upgraded shares of J Sainsbury plc (NASDAQ:JSAIY) from a neutral rating to a buy rating in a report issued on Thursday, TheFlyOnTheWall.com reports.
Citigroup Inc. has also modified their ratings on a number of other stocks in the few days. The firm lowered its price target on shares of Portugal Telecom, SGPS from $4.00 to $3.50. They have a neutral rating on that stock. Also, Citigroup Inc. upgraded shares of Embraer from a sell rating to a neutral rating. Finally, Citigroup Inc. reiterated its buy rating on shares of Rio Tinto.
J Sainsbury plc (NASDAQ:JSAIY) traded down 0.82% during mid-day trading on Thursday, hitting $26.53. 4,556 shares of the company’s stock traded hands. J Sainsbury plc has a one year low of $20.22 and a one year high of $26.90. The stock has a 50-day moving average of $25.57 and a 200-day moving average of $24.22. The company has a market cap of $12.520 billion and a P/E ratio of 12.96.
Several other analysts have also recently commented on the stock. Analysts at HSBC upgraded shares of J Sainsbury plc from an underweight rating to a neutral rating in a research note to investors on Thursday. Analysts at BNP Paribas upgraded shares of J Sainsbury plc from an underperform rating to a neutral rating in a research note to investors on Thursday. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. J Sainsbury plc currently has a consensus rating of Hold.
J Sainsbury plc’s principal activities are grocery, related retailing and financial services. Its businesses are organized into three operating segments: Retailing (NASDAQ:JSAIY); Financial services (Sainsbury’s Bank joint venture), and Property investment (British Land Company PLC joint venture and Land Securities PLC joint venture).
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