Zacks Investment Research upgraded shares of J Sainsbury plc (NASDAQ:JSAIY) from a sell rating to a hold rating in a report released on Tuesday.

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. “

A number of other research firms have also recently weighed in on JSAIY. Citigroup Inc. restated a neutral rating on shares of J Sainsbury plc in a research report on Wednesday, August 31st. Deutsche Bank AG reaffirmed a buy rating on shares of J Sainsbury plc in a report on Friday, September 30th. Beaufort Securities reaffirmed a hold rating on shares of J Sainsbury plc in a report on Friday, September 30th. Shore Capital reaffirmed a buy rating on shares of J Sainsbury plc in a report on Thursday, November 10th. Finally, Morgan Stanley reaffirmed an equal weight rating on shares of J Sainsbury plc in a report on Thursday, October 20th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. J Sainsbury plc presently has an average rating of Hold.

Analyst Recommendations for J Sainsbury plc (NASDAQ:JSAIY)

Shares of J Sainsbury plc (NASDAQ:JSAIY) opened at 11.75 on Tuesday. The company’s 50-day moving average is $0.00 and its 200-day moving average is $0.00. J Sainsbury plc has a one year low of $11.08 and a one year high of $16.99.

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J Sainsbury plc 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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