Shares of J. Sainsbury PLC (OTCMKTS:JSAIY – Get Free Report) saw an uptick in trading volume on Tuesday . 141,457 shares changed hands during trading, an increase of 193% from the previous session’s volume of 48,294 shares.The stock last traded at $18.19 and had previously closed at $17.84.
Wall Street Analysts Forecast Growth
JSAIY has been the subject of several recent analyst reports. Zacks Research upgraded J. Sainsbury from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of J. Sainsbury in a research note on Monday, April 13th. The Goldman Sachs Group downgraded J. Sainsbury from a “strong-buy” rating to a “sell” rating in a research note on Monday, April 27th. Finally, Citigroup downgraded shares of J. Sainsbury from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 28th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, J. Sainsbury presently has an average rating of “Hold”.
Read Our Latest Stock Report on J. Sainsbury
J. Sainsbury Trading Up 2.0%
About J. Sainsbury
J. Sainsbury PLC, trading in the United States under the ticker OTCMKTS:JSAIY, is one of the United Kingdom’s leading grocery retailers. Through its primary Sainsbury’s supermarket banner and smaller convenience formats under the Sainsbury’s Local name, the company offers a wide range of food and household products. In addition to its core retail operations, Sainsbury’s extends into general merchandise and clothing under the TU brand, serving both in-store and through its established e-commerce platform.
Founded in 1869 by John James Sainsbury and his wife Mary Ann, Sainsbury’s has grown from a single dairy shop in London’s Drury Lane to a nationwide retail network.
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