Zacks Investment Research Lowers J Sainsbury (JSAIY) to Hold
J Sainsbury (OTCMKTS:JSAIY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday. They currently have a $15.00 target price on the stock. Zacks Investment Research‘s price objective suggests a potential upside of 7.14% from the company’s current price.
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. Berenberg Bank assumed coverage on shares of J Sainsbury in a research report on Tuesday, October 3rd. They issued a “buy” rating on the stock. Kepler Capital Markets assumed coverage on shares of J Sainsbury in a research report on Wednesday, December 20th. They issued a “hold” rating on the stock. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $15.00.
J Sainsbury 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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