Equities Analysts Set Expectations for J Sainsbury plc’s FY2020 Earnings (JSAIY)

Equities Analysts Set Expectations for J Sainsbury plc’s FY2020 Earnings (JSAIY)

J Sainsbury plc (OTCMKTS:JSAIY) – Investment analysts at Jefferies Financial Group dropped their FY2020 earnings per share (EPS) estimates for J Sainsbury in a research report issued to clients and investors on Wednesday, January 9th. Jefferies Financial Group analyst J. Grzinic now anticipates that the company will post earnings per share of $1.04 for the year, down from their prior estimate of $1.06. Jefferies Financial Group also issued estimates for J Sainsbury’s FY2021 earnings at $1.09 EPS.

JSAIY has been the subject of several other reports. Zacks Investment Research cut shares of J Sainsbury from a “hold” rating to a “sell” rating in a research report on Tuesday, September 18th. HSBC restated a “reduce” rating on shares of J Sainsbury in a research report on Friday, January 4th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $18.00.

JSAIY stock opened at $14.22 on Friday. The company has a market cap of $7.64 billion, a P/E ratio of 13.16, a P/E/G ratio of 2.41 and a beta of 0.91. J Sainsbury has a 1 year low of $12.77 and a 1 year high of $17.70.

J Sainsbury Company Profile

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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