J Sainsbury (OTCMKTS:JSAIY) Upgraded to “Hold” by Zacks Investment Research

Zacks Investment Research upgraded shares of J Sainsbury (OTCMKTS:JSAIY) from a sell rating to a hold rating in a report published on Tuesday, Zacks.com reports.

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 issued reports on JSAIY. Societe Generale raised shares of J Sainsbury from a hold rating to a buy rating in a research note on Friday, April 17th. Jefferies Financial Group raised shares of J Sainsbury from a hold rating to a buy rating in a research report on Monday, March 16th. JPMorgan Chase & Co. reissued an underweight rating on shares of J Sainsbury in a research report on Tuesday, May 19th. Morgan Stanley reissued an equal weight rating on shares of J Sainsbury in a research report on Thursday, May 21st. Finally, UBS Group reissued a buy rating on shares of J Sainsbury in a research report on Wednesday, May 13th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $14.00.

Shares of JSAIY stock opened at $10.37 on Tuesday. J Sainsbury has a 52-week low of $8.60 and a 52-week high of $12.32. The stock has a market cap of $5.67 billion, a PE ratio of 11.03, a PEG ratio of 7.44 and a beta of 0.54. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.49 and a current ratio of 0.64. The firm’s 50 day moving average price is $9.60 and its two-hundred day moving average price is $10.40.

J Sainsbury Company Profile

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.

Featured Story: What does an outperform rating mean?

Get a free copy of the Zacks research report on J Sainsbury (JSAIY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for J Sainsbury (OTCMKTS:JSAIY)

Receive News & Ratings for J Sainsbury Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J Sainsbury and related companies with MarketBeat.com's FREE daily email newsletter.