J Sainsbury plc Upgraded to “Neutral” at Citigroup Inc. (JSAIY)
J Sainsbury plc (NASDAQ:JSAIY) was upgraded by equities researchers at Citigroup Inc. from a “sell” rating to a “neutral” rating in a research report issued on Friday, TheFlyOnTheWall.com reports.
Shares of J Sainsbury plc (NASDAQ:JSAIY) traded up 2.03% on Friday, hitting $25.69. The stock had a trading volume of 1,710 shares. J Sainsbury plc has a 52-week low of $20.22 and a 52-week high of $25.65. The stock’s 50-day moving average is $24.62 and its 200-day moving average is $23.36. The company has a market cap of $12.124 billion and a P/E ratio of 12.20.
J Sainsbury plc’s principal activities are grocery, related retailing and financial services. Its businesses are organized into three operating segments: Retailing (NASDAQ:JSAIY); Financial services (Sainsbury’s Bank joint venture), and Property investment (British Land Company PLC joint venture and Land Securities PLC joint venture).
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