Zacks Investment Research Upgrades J Sainsbury plc (JSAIY) to Hold
J Sainsbury plc (NASDAQ:JSAIY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.
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. “
Other research analysts have also recently issued reports about the company. Deutsche Bank AG restated a “buy” rating on shares of J Sainsbury plc in a research note on Thursday, November 10th. Beaufort Securities restated a “hold” rating on shares of J Sainsbury plc in a research note on Friday, September 30th. Morgan Stanley restated an “equal weight” rating on shares of J Sainsbury plc in a research note on Thursday, October 20th. Shore Capital restated a “buy” rating on shares of J Sainsbury plc in a research note on Thursday, November 10th. Finally, Citigroup Inc. restated a “neutral” rating on shares of J Sainsbury plc in a research note on Wednesday, August 31st. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold”.
J Sainsbury plc (NASDAQ:JSAIY) opened at 11.665 on Tuesday. The company’s 50-day moving average price is $0.00 and its 200 day moving average price is $0.00. J Sainsbury plc has a 52 week low of $11.08 and a 52 week high of $16.99.
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About J Sainsbury plc
J Sainsbury plc is engaged in grocery-related retailing and retail banking. The Company’s segments include Retailing; Financial services, and Property investments. The Retailing segment is engaged in the operation of supermarkets and convenience. The Financial services segment includes the operations of Sainsbury’s Bank plc (Sainsbury’s Bank).
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