J Sainsbury (OTCMKTS:JSAIY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday, Zacks.com reports. The brokerage presently has a $15.00 target price on the stock. Zacks Investment Research‘s price objective would indicate a potential upside of 12.02% from the company’s previous close.
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 subject of a number of other research reports. Morgan Stanley reissued an “equal weight” rating on shares of J Sainsbury in a research report on Friday, January 8th. Berenberg Bank raised J Sainsbury from a “sell” rating to a “hold” rating in a research report on Thursday, January 21st. Kepler Capital Markets lowered J Sainsbury from a “buy” rating to a “hold” rating in a research report on Thursday, January 14th. Finally, Credit Suisse Group lowered J Sainsbury from an “outperform” rating to a “neutral” rating in a research report on Wednesday, February 24th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $15.00.
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 three segments: Retail Â- Food, Retail Â- General Merchandise and Clothing, and Financial Services. The company operates various store formats, including convenience stores and supermarkets.
Further Reading: What does an equal weight rating mean?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for J Sainsbury Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J Sainsbury and related companies with MarketBeat.com's FREE daily email newsletter.