J Sainsbury plc (JSAIY) Rating Lowered to Strong Sell at Zacks Investment Research
J Sainsbury plc (NASDAQ:JSAIY) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday.
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 equities analysts have also recently issued reports about the stock. Deutsche Bank AG reiterated a “buy” rating on shares of J Sainsbury plc in a research report on Saturday, June 25th. Societe Generale restated a “hold” rating on shares of J Sainsbury plc in a report on Tuesday, June 28th. Beaufort Securities restated a “hold” rating on shares of J Sainsbury plc in a report on Thursday, June 9th. Finally, Citigroup Inc. restated a “neutral” rating on shares of J Sainsbury plc in a report on Wednesday, August 31st. One equities research 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. The stock has an average rating of “Hold”.
Shares of J Sainsbury plc (NASDAQ:JSAIY) opened at 12.674 on Wednesday. J Sainsbury plc has a one year low of $11.08 and a one year high of $17.17. The firm’s 50-day moving average price is $12.87 and its 200-day moving average price is $13.98. The firm has a market cap of $6.07 billion and a PE ratio of 10.777.
J Sainsbury plc Company Profile
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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