J. Sainsbury PLC (OTCMKTS:JSAIY – Get Free Report) shares saw unusually-high trading volume on Monday . 78,723 shares traded hands during mid-day trading, an increase of 69% from the previous session’s volume of 46,644 shares.The stock last traded at $16.26 and had previously closed at $16.14.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group lowered shares of J. Sainsbury from a “strong-buy” rating to a “sell” rating in a research note on Monday, April 27th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of J. Sainsbury in a report on Monday, April 13th. Citigroup downgraded J. Sainsbury from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 28th. Finally, Zacks Research lowered J. Sainsbury from a “hold” rating to a “strong sell” rating in a report on Friday, April 24th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce”.
View Our Latest Report on J. Sainsbury
J. Sainsbury Stock Up 0.4%
J. Sainsbury Company Profile
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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