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

Zacks Investment Research downgraded shares of J Sainsbury (OTCMKTS:JSAIY) from a buy rating to a hold rating in a research note released 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. “

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

Shares of J Sainsbury (OTCMKTS:JSAIY) opened at $13.18 on Wednesday. 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 paid a dividend of $0.144 per share. 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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