J. Sainsbury PLC (OTCMKTS:JSAIY) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of J. Sainsbury PLC (OTCMKTS:JSAIY) have been given a consensus rating of “Moderate Buy” by the seven brokerages that are currently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company.

Several research firms have issued reports on JSAIY. Jefferies Financial Group restated a “hold” rating on shares of J. Sainsbury in a research report on Sunday, December 14th. Kepler Capital Markets upgraded J. Sainsbury from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 11th. Deutsche Bank Aktiengesellschaft upgraded J. Sainsbury to a “buy” rating in a research note on Wednesday, December 10th. Zacks Research upgraded J. Sainsbury from a “strong sell” rating to a “hold” rating in a research report on Thursday. Finally, Citigroup raised shares of J. Sainsbury from a “hold” rating to a “buy” rating in a research note on Thursday, December 11th.

J. Sainsbury Stock Performance

Shares of JSAIY stock opened at $18.03 on Friday. The firm’s 50 day moving average is $17.72 and its 200 day moving average is $17.19. J. Sainsbury has a 12 month low of $11.68 and a 12 month high of $19.17.

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.