J Sainsbury (OTCMKTS:JSAIY) Downgraded to Hold at Zacks Investment Research

J Sainsbury (OTCMKTS:JSAIY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday, 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. “

Several other equities analysts have also recently commented on the company. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of J Sainsbury in a report on Tuesday, May 19th. Morgan Stanley reaffirmed an “equal weight” rating on shares of J Sainsbury in a report on Thursday, May 21st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $11.00.

J Sainsbury stock opened at $9.55 on Tuesday. The business has a 50 day moving average price of $9.78 and a two-hundred day moving average price of $9.81. The company has a quick ratio of 0.49, a current ratio of 0.63 and a debt-to-equity ratio of 0.84. The stock has a market cap of $5.31 billion, a price-to-earnings ratio of 10.16, a price-to-earnings-growth ratio of 6.89 and a beta of 0.48. J Sainsbury has a 12 month low of $8.60 and a 12 month high of $12.32.

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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