J Sainsbury (JSAIY) Downgraded to “Hold” at Zacks Investment Research

Zacks Investment Research lowered shares of J Sainsbury (OTCMKTS:JSAIY) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning.

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

Shares of J Sainsbury (OTCMKTS JSAIY) traded down $0.09 during trading on Wednesday, reaching $13.20. 43,429 shares of the company’s stock traded hands, compared to its average volume of 57,841. J Sainsbury has a twelve month low of $11.78 and a twelve month high of $14.70.

The company also recently announced a None dividend, which will be paid on Tuesday, January 9th. Shareholders of record on Monday, November 20th will be issued a $0.144 dividend. The ex-dividend date of this dividend is Friday, November 17th.

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J Sainsbury Company Profile

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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