J Sainsbury (OTCMKTS:JSAIY) Raised to “Buy” at Zacks Investment Research

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Zacks Investment Research upgraded shares of J Sainsbury (OTCMKTS:JSAIY) from a hold rating to a buy rating in a research note published on Wednesday, Zacks.com reports. The brokerage currently has $15.00 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. “

A number of other equities research analysts have also recently issued reports on JSAIY. Berenberg Bank raised shares of J Sainsbury from a sell rating to a hold rating in a research note on Thursday, January 21st. Morgan Stanley reissued an equal weight rating on shares of J Sainsbury in a research report on Friday, January 8th. Kepler Capital Markets cut shares of J Sainsbury from a buy rating to a hold rating in a research report on Thursday, January 14th. Finally, Credit Suisse Group cut shares of J Sainsbury from an outperform rating to a neutral rating in a research report on Wednesday, February 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. J Sainsbury has a consensus rating of Hold and a consensus target price of $15.00.

Shares of J Sainsbury stock opened at $13.67 on Wednesday. J Sainsbury has a 52-week low of $8.82 and a 52-week high of $14.12. The stock has a market capitalization of $7.63 billion, a price-to-earnings ratio of 14.54, a price-to-earnings-growth ratio of 3.31 and a beta of 0.57. The company has a fifty day moving average of $13.30 and a 200-day moving average of $12.24.

About J Sainsbury

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 three segments: Retail Â- Food, Retail Â- General Merchandise and Clothing, and Financial Services. The company operates various store formats, including convenience stores and supermarkets.

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