J Sainsbury (OTCMKTS:JSAIY) Rating Lowered to Sell at Zacks Investment Research

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J Sainsbury (OTCMKTS:JSAIY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday, 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. “

Other equities research analysts have also issued research reports about the stock. Goldman Sachs Group upgraded shares of to a “neutral” rating and dropped their price objective for the stock from GBX 1,855 ($24.24) to GBX 1,800 ($23.52) in a research note on Thursday, June 27th. Bank of America dropped their price objective on shares of 3D Systems from $10.00 to $9.00 and set an “underperform” rating on the stock in a research note on Wednesday, May 8th. Finally, ValuEngine lowered shares of Woodward, Inc.Common Stock from a “buy” rating to a “hold” rating in a research note on Tuesday, April 9th. Four equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $13.00.

JSAIY opened at $10.05 on Friday. The firm has a market capitalization of $5.51 billion, a price-to-earnings ratio of 9.31, a price-to-earnings-growth ratio of 2.61 and a beta of 0.90. J Sainsbury has a fifty-two week low of $9.52 and a fifty-two week high of $17.70. The stock’s 50-day simple moving average is $10.02.

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.

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Analyst Recommendations for J Sainsbury (OTCMKTS:JSAIY)

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