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

Shares of J. Sainsbury PLC (OTCMKTS:JSAIY) have earned an average rating of “Moderate Buy” from the seven analysts that are currently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and two have given a strong buy recommendation to the company.

Several equities research analysts have commented on the stock. Zacks Research upgraded shares of J. Sainsbury from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 1st. Jefferies Financial Group reissued a “hold” rating on shares of J. Sainsbury in a research note on Sunday, December 14th. Citigroup raised J. Sainsbury to a “strong-buy” rating in a research report on Friday, January 9th. Deutsche Bank Aktiengesellschaft upgraded J. Sainsbury to a “buy” rating in a research report on Wednesday, December 10th. Finally, Kepler Capital Markets raised shares of J. Sainsbury from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 11th.

J. Sainsbury Stock Performance

Shares of J. Sainsbury stock opened at $17.80 on Thursday. The business has a fifty day simple moving average of $17.48 and a 200-day simple moving average of $17.40. J. Sainsbury has a fifty-two week low of $11.68 and a fifty-two week high of $19.17. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.31 and a current ratio of 0.62.

About J. Sainsbury

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.