On May 16, 2018 Exane BNP Paribas Downgrades J. Sainsbury plc (JSAIY).

May 16, 2018 - By Brian Ramirez

J Sainsbury plc (OTCMKTS:JSAIY) Corporate Logo

Exane BNP Paribas Downgraded J. Sainsbury plc (JSAIY)’s Rating to Underperform.

On Tuesday morning Exane BNP Paribas changed the $9.02B market cap company’s rating. stock research analysts has lowered it to Underperform from Neutral.

JSAIY is hitting $16.4725 during the last trading session, after increased 2.50%.Currently J Sainsbury plc is after 0.00% change in last May 16, 2017. JSAIY has 36,513 shares volume. The stock underperformed the S&P500 by 11.55%.

J Sainsbury plc, together with its subsidiaries, engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom.The company has $9.02 billion market cap. It operates through four divisions: Retail ? Food; Retail ? General Merchandise & Clothing; Financial Services; and Property Investment.The P/E ratio is 29. The firm operates various store formats, including convenience stores and supermarkets, as well as offers organic produce under the Food to Go and FreeFrom names.

There’s an important J Sainsbury plc (OTCMKTS:JSAIY) news brought out by Seekingalpha.com. It’s a report titled: “Walmart’s Asda confirms Sainsbury merger” on April 30, 2018.

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