J. Sainsbury PLC (OTCMKTS:JSAIY – Get Free Report) shares saw unusually-strong trading volume on Tuesday . 141,457 shares changed hands during mid-day trading, an increase of 193% from the previous session’s volume of 48,294 shares.The stock last traded at $18.19 and had previously closed at $17.84.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on JSAIY shares. The Goldman Sachs Group lowered shares of J. Sainsbury from a “strong-buy” rating to a “sell” rating in a report on Monday, April 27th. Zacks Research upgraded J. Sainsbury from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Citigroup downgraded J. Sainsbury from a “buy” rating to a “neutral” rating in a report on Tuesday, April 28th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of J. Sainsbury in a report on Monday, April 13th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold”.
Check Out Our Latest Stock Report on J. Sainsbury
J. Sainsbury Stock Performance
J. Sainsbury Company Profile
J. Sainsbury PLC, trading in the United States under the ticker OTCMKTS:JSAIY, is one of the United Kingdom’s leading grocery retailers. Through its primary Sainsbury’s supermarket banner and smaller convenience formats under the Sainsbury’s Local name, the company offers a wide range of food and household products. In addition to its core retail operations, Sainsbury’s extends into general merchandise and clothing under the TU brand, serving both in-store and through its established e-commerce platform.
Founded in 1869 by John James Sainsbury and his wife Mary Ann, Sainsbury’s has grown from a single dairy shop in London’s Drury Lane to a nationwide retail network.
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