J Sainsbury (JSAIY) Upgraded to “Buy” at Zacks Investment Research

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Zacks Investment Research upgraded shares of J Sainsbury (OTCMKTS:JSAIY) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning. Zacks Investment Research currently has $13.00 price objective 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. “

Several other brokerages have also recently weighed in on JSAIY. HSBC reaffirmed a reduce rating on shares of J Sainsbury in a research note on Friday, January 4th. UBS Group cut J Sainsbury from a buy rating to a neutral rating in a research note on Thursday, February 21st. Berenberg Bank cut J Sainsbury from a buy rating to a hold rating in a research note on Thursday, February 21st. Barclays cut J Sainsbury from an overweight rating to an equal weight rating in a research note on Thursday, February 21st. Finally, Shore Capital downgraded J Sainsbury from a hold rating to a sell rating in a report on Wednesday, February 20th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $13.00.

Shares of JSAIY stock opened at $11.98 on Wednesday. J Sainsbury has a fifty-two week low of $11.64 and a fifty-two week high of $17.70. The stock has a market cap of $6.48 billion, a P/E ratio of 11.09, a PEG ratio of 2.02 and a beta of 0.88.

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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Analyst Recommendations for J Sainsbury (OTCMKTS:JSAIY)

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