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 analysts have also recently weighed in on the stock. UBS Group cut shares of J Sainsbury from a “buy” rating to a “neutral” rating in a report on Friday, August 27th. They noted that the move was a valuation call. Berenberg Bank set a $15.73 price objective on shares of J Sainsbury and gave the stock a “hold” rating in a research note on Monday, July 12th. Credit Suisse Group reaffirmed a “neutral” rating on shares of J Sainsbury in a research note on Tuesday, July 20th. Bank of America lowered shares of J Sainsbury from a “neutral” rating to an “underperform” rating in a research note on Wednesday, August 25th. Finally, Barclays reaffirmed an “overweight” rating on shares of J Sainsbury in a research note on Wednesday, July 7th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, J Sainsbury has an average rating of “Hold” and a consensus price target of $16.87.
J Sainsbury Company Profile
J Sainsbury Plc engages in the retailing, financial services, and property investment businesses. It operates through the following segments: Retail-Food, Retail-General Merchandising and Clothing, Financial Services and Property Investments. The Retail segment distributes food, general merchandise, and clothing.
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