J Sainsbury (JSAIY) Rating Increased to Hold at Zacks Investment Research

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J Sainsbury (OTCMKTS:JSAIY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued 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. “

JSAIY has been the subject of several other reports. BNP Paribas lowered J Sainsbury from a “neutral” rating to an “underperform” rating in a research report on Tuesday, May 15th. Kepler Capital Markets raised J Sainsbury from a “hold” rating to a “buy” rating in a research report on Tuesday, June 19th. Finally, Sanford C. Bernstein lowered J Sainsbury from an “outperform” rating to a “market perform” rating in a research report on Monday, May 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $19.00.

JSAIY opened at $16.63 on Wednesday. The firm has a market capitalization of $9.21 billion, a PE ratio of 15.40, a P/E/G ratio of 3.45 and a beta of 0.86. J Sainsbury has a 12 month low of $11.78 and a 12 month high of $17.70.

About J Sainsbury

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.

Read More: Stock Ratings and Recommendations: Understanding Analyst Upgrades and Downgrades

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Analyst Recommendations for J Sainsbury (OTCMKTS:JSAIY)

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