J Sainsbury (OTCMKTS:JSAIY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Friday. The firm currently has a $16.00 target price on the stock. Zacks Investment Research‘s target price would indicate a potential upside of 6.45% 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. “
A number of other equities analysts also recently issued reports on the stock. Kepler Capital Markets began coverage on shares of J Sainsbury in a report on Wednesday, December 20th. They issued a “hold” rating for the company. Berenberg Bank began coverage on shares of J Sainsbury in a report on Tuesday, October 3rd. They issued a “buy” rating for the company.
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J Sainsbury Company Profile
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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