J. Sainsbury PLC (OTCMKTS:JSAIY – Get Free Report) saw an uptick in trading volume on Tuesday . 46,806 shares changed hands during mid-day trading, a decline of 3% from the previous session’s volume of 48,294 shares.The stock last traded at $19.02 and had previously closed at $19.44.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on the company. Zacks Research upgraded J. Sainsbury from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of J. Sainsbury in a research report on Monday, April 13th. Citigroup downgraded J. Sainsbury from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 28th. Finally, The Goldman Sachs Group lowered J. Sainsbury from a “strong-buy” rating to a “sell” rating in a research report on Monday, April 27th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, J. Sainsbury has an average rating of “Hold”.
Read Our Latest Report on J. Sainsbury
J. Sainsbury Price Performance
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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