J Sainsbury (OTCMKTS:JSAIY) Downgraded to “Sell” at Zacks Investment Research

Zacks Investment Research cut shares of J Sainsbury (OTCMKTS:JSAIY) from a hold rating to a sell rating in a report published on Tuesday morning, Zacks.com reports.

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. “

JSAIY has been the subject of several other research reports. Barclays raised J Sainsbury from an equal weight rating to an overweight rating in a report on Monday, July 22nd. Goldman Sachs Group raised J Sainsbury from a sell rating to a neutral rating in a report on Thursday, June 27th. Finally, Bank of America downgraded J Sainsbury from a buy rating to a neutral rating in a report on Wednesday, May 8th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $13.00.

Shares of OTCMKTS JSAIY opened at $8.68 on Tuesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.66 and a quick ratio of 0.50. The business has a 50-day simple moving average of $9.87 and a two-hundred day simple moving average of $11.33. J Sainsbury has a fifty-two week low of $8.61 and a fifty-two week high of $17.69.

J Sainsbury Company Profile

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 and Clothing; Financial Services; and Property Investment.

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