J Sainsbury plc (JSAIY) Rating Increased to Buy at Zacks Investment Research
J Sainsbury plc (NASDAQ:JSAIY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday. The firm presently has a $15.00 price target on the stock. Zacks Investment Research‘s target price suggests a potential upside of 13.64% from the company’s previous close.
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. “
Separately, Berenberg Bank started coverage on shares of J Sainsbury plc in a research note on Tuesday, October 3rd. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $15.00.
Shares of J Sainsbury plc (NASDAQ:JSAIY) traded down 0.53% during trading on Tuesday, hitting $13.20. 19,022 shares of the stock were exchanged. J Sainsbury plc has a 52 week low of $11.48 and a 52 week high of $14.70. The firm has a 50 day moving average price of $13.01 and a 200 day moving average price of $13.32. The firm has a market capitalization of $7.21 billion and a P/E ratio of 15.14.
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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