Jefferies Group Comments on Sainsbury’s’ FY2018 Earnings (JSAIY)

Sainsbury’s (OTCMKTS:JSAIY) – Research analysts at Jefferies Group lifted their FY2018 earnings estimates for shares of Sainsbury’s in a note issued to investors on Monday, April 16th. Jefferies Group analyst J. Grzinic now forecasts that the company will post earnings of $1.08 per share for the year, up from their prior estimate of $0.99. Jefferies Group also issued estimates for Sainsbury’s’ FY2019 earnings at $1.14 EPS and FY2020 earnings at $1.19 EPS.

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A number of other equities analysts also recently weighed in on JSAIY. ValuEngine downgraded shares of Sainsbury’s from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Zacks Investment Research downgraded shares of Sainsbury’s from a “buy” rating to a “hold” rating in a research note on Saturday, January 27th. Finally, Kepler Capital Markets assumed coverage on shares of Sainsbury’s in a research note on Wednesday, December 20th. They set a “hold” rating for the company. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Sainsbury’s has an average rating of “Buy” and a consensus price target of $16.00.

Shares of OTCMKTS JSAIY opened at $14.60 on Tuesday. Sainsbury’s has a twelve month low of $11.78 and a twelve month high of $15.07. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.70 and a quick ratio of 0.51.

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About Sainsbury’s

J Sainsbury plc, together with its subsidiaries, engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom. It operates through four segments: Retail ? Food; Retail ? General Merchandise & Clothing; Financial Services; and Property Investment.

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