J Sainsbury (OTCMKTS:JSAIY) Cut to “Sell” at Zacks Investment Research

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

JSAIY has been the topic of a number of other research reports. Barclays raised J Sainsbury from an equal weight rating to an overweight rating in a research report on Monday, July 22nd. Bank of America lowered J Sainsbury from a buy rating to a neutral rating in a research report on Wednesday, May 8th. Finally, Goldman Sachs Group raised J Sainsbury from a sell rating to a neutral rating in a research report on Thursday, June 27th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. J Sainsbury has an average rating of Hold and a consensus target price of $13.00.

Shares of J Sainsbury stock opened at $9.58 on Wednesday. The business’s 50 day simple moving average is $9.68 and its 200 day simple moving average is $10.98. J Sainsbury has a 52-week low of $8.61 and a 52-week high of $17.33. The firm has a market cap of $5.25 billion, a PE ratio of 8.95, a P/E/G ratio of 2.50 and a beta of 0.90. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.50 and a current ratio of 0.66.

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 four segments: Retail – Food; Retail – General Merchandise and Clothing; Financial Services; and Property Investment.

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