Zacks Investment Research downgraded J Sainsbury plc (ADR) (NASDAQ:JSAIY) to Strong Sell in a statement released earlier today.
- Updated: October 1, 2016
Zacks Investment Research has downgraded J Sainsbury plc (ADR) (NASDAQ:JSAIY) to Strong Sell in a statement released on 9/28/2016.
Boasting a price of $12.72, J Sainsbury plc (ADR) (NASDAQ:JSAIY) traded 1.70% higher on the day. With the last stock price close down -7.65% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. J Sainsbury plc (ADR) has recorded a 50-day average of $12.88 and a two hundred day average of $13.96. Volume of trade was down over the average, with 15,613 shares of JSAIY changing hands under the typical 36,516
With a total market value of $0, J Sainsbury plc (ADR) has price-earnings ratio of 10.96 with a one year low of $11.08 and a one year high of $17.17 .
A total of 1 equity analyst has released a ratings update on JSAIY. zero equity analysts rating the company a strong buy, zero brokerages rating the company a buy, zero brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $12.97.
More About J Sainsbury plc (ADR) (NASDAQ:JSAIY)
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). The Property investments segment includes the Company's joint ventures with the British Land Company PLC and Land Securities Group PLC. The Company has approximately 2,000 food suppliers and over 1,000 non-food suppliers. The Company offers over 15,000 own-brand products and has approximately 770 convenience stores. The Company offers groceries under various categories, such as fruit and veg, meat and fish, dairy, chilled, bakery, frozen, food cupboard, drinks, health and beauty, baby, household, pet and home. Sainsbury's Bank provides a range of products, including insurances, credit cards, savings and loans.
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