Zacks Investment Research upgraded shares of J Sainsbury (OTCMKTS:JSAIY) from a hold rating to a buy rating in a report released on Wednesday. The brokerage currently has $16.00 price target on the stock.
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, Kepler Capital Markets began coverage on J Sainsbury in a research report on Wednesday, December 20th. They issued a hold rating for the company.
Shares of J Sainsbury (OTCMKTS JSAIY) opened at $14.02 on Wednesday. J Sainsbury has a 12-month low of $11.78 and a 12-month high of $15.07. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.51 and a current ratio of 0.70.
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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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