J Sainsbury (JSAIY) Upgraded to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of J Sainsbury (OTCMKTS:JSAIY) from a hold rating to a buy rating in a research note published on Thursday. Zacks Investment Research currently has $15.00 price objective 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. “

Several other analysts also recently issued reports on JSAIY. Kepler Capital Markets assumed coverage on shares of J Sainsbury in a research note on Wednesday, December 20th. They issued a hold rating for the company. Berenberg Bank started coverage on shares of J Sainsbury in a research report on Tuesday, October 3rd. They set a buy rating on the stock. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $15.00.

Shares of J Sainsbury (OTCMKTS:JSAIY) traded up $0.01 during midday trading on Thursday, reaching $13.21. 45,459 shares of the company’s stock traded hands, compared to its average volume of 57,452. J Sainsbury has a twelve month low of $11.78 and a twelve month high of $14.70.

The business also recently announced a None dividend, which will be paid on Tuesday, January 9th. Stockholders of record on Monday, November 20th will be given a dividend of $0.144 per share. The ex-dividend date is Friday, November 17th.

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About J Sainsbury

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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