FY2018 Earnings Estimate for J. Sainsbury PLC Issued By Jefferies Group (JSAIY)
J. Sainsbury PLC (OTC:JSAIY) – Research analysts at Jefferies Group raised their FY2018 earnings per share (EPS) estimates for shares of J. Sainsbury PLC in a research report issued on Monday. Jefferies Group analyst J. Grzinic now forecasts that the company will post earnings of $0.95 per share for the year, up from their previous forecast of $0.94. Jefferies Group also issued estimates for J. Sainsbury PLC’s FY2019 earnings at $0.95 EPS.
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A number of other equities research analysts have also recently issued reports on the company. Berenberg Bank assumed coverage on J. Sainsbury PLC in a research note on Tuesday, October 3rd. They set a “buy” rating on the stock. UBS AG initiated coverage on J. Sainsbury PLC in a report on Tuesday, July 4th. They set a “buy” rating on the stock.
Shares of J. Sainsbury PLC (OTC:JSAIY) traded down 0.23% during trading on Tuesday, reaching $13.24. The company’s stock had a trading volume of 13,390 shares. The company has a market cap of $7.23 billion, a PE ratio of 15.18 and a beta of 0.82. The stock’s 50 day moving average price is $13.00 and its 200 day moving average price is $13.32. J. Sainsbury PLC has a 52 week low of $11.48 and a 52 week high of $14.70.
About J. Sainsbury PLC
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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