J Sainsbury (OTCMKTS:JSAIY) Downgraded by Zacks Investment Research to Sell

J Sainsbury (OTCMKTS:JSAIY – Get Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Saturday, 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. “

Separately, Jefferies Financial Group upgraded J Sainsbury from a “hold” rating to a “buy” rating in a report on Monday, April 11th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $16.37.

Shares of JSAIY stock opened at $12.65 on Friday. The stock has a 50 day simple moving average of $13.86 and a two-hundred day simple moving average of $14.98. J Sainsbury has a fifty-two week low of $12.37 and a fifty-two week high of $18.68.

J Sainsbury Company Profile (Get Rating)

J Sainsbury plc, together with its subsidiaries, engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom and the Republic of Ireland. It operates through three segments: Retail – Food, Retail – General Merchandise and Clothing, and Financial Services.

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