Zacks Investment Research upgraded shares of J Sainsbury plc (NASDAQ:JSAIY) from a sell rating to a hold rating in a research report released on Tuesday morning.

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 equities analysts have also recently commented on the stock. Morgan Stanley reissued an equal weight rating on shares of J Sainsbury plc in a research note on Thursday, October 20th. Citigroup Inc. reissued a neutral rating on shares of J Sainsbury plc in a research note on Wednesday, August 31st. Shore Capital reissued a buy rating on shares of J Sainsbury plc in a research note on Thursday, November 10th. Deutsche Bank AG restated a buy rating on shares of J Sainsbury plc in a report on Thursday, November 10th. Finally, Beaufort Securities restated a hold rating on shares of J Sainsbury plc in a report on Friday, September 30th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of Hold.

Analyst Recommendations for J Sainsbury plc (NASDAQ:JSAIY)

Shares of J Sainsbury plc (NASDAQ:JSAIY) opened at 11.75 on Tuesday. J Sainsbury plc has a one year low of $11.08 and a one year high of $16.99. The firm has a 50-day moving average of $0.00 and a 200-day moving average of $0.00.

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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).

5 Day Chart for NASDAQ:JSAIY

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