J Sainsbury (JSAIY) Hits New 1-Year Low at $10.06
J Sainsbury plc (OTCMKTS:JSAIY)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $10.06 and last traded at $10.07, with a volume of 6008 shares changing hands. The stock had previously closed at $10.54.
A number of brokerages have weighed in on JSAIY. Zacks Investment Research lowered J Sainsbury from a “buy” rating to a “hold” rating in a research report on Saturday, May 11th. ValuEngine raised J Sainsbury from a “sell” rating to a “hold” rating in a report on Tuesday, March 19th. Kepler Capital Markets reissued a “hold” rating on shares of J Sainsbury in a report on Friday, February 22nd. Shore Capital cut J Sainsbury from a “hold” rating to a “sell” rating in a report on Wednesday, February 20th. Finally, Berenberg Bank cut J Sainsbury from a “buy” rating to a “hold” rating in a report on Thursday, February 21st. Four investment analysts have rated the stock with a sell rating and six have given a hold rating to the company. The company presently has an average rating of “Hold” and an average target price of $13.00.
The firm has a market cap of $5.77 billion, a P/E ratio of 9.31, a P/E/G ratio of 2.62 and a beta of 0.85.
About J Sainsbury (OTCMKTS:JSAIY)
J Sainsbury plc, together with its subsidiaries, engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom. It operates through four segments: Retail Food; Retail General Merchandise and Clothing; Financial Services; and Property Investment.
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