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

Shares of J. Sainsbury PLC (OTCMKTS:JSAIY) have received a consensus rating of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company.

JSAIY has been the subject of several recent analyst reports. Kepler Capital Markets upgraded shares of J. Sainsbury from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 11th. Deutsche Bank Aktiengesellschaft raised J. Sainsbury to a “buy” rating in a research report on Wednesday, December 10th. Zacks Research raised J. Sainsbury from a “strong sell” rating to a “hold” rating in a research report on Friday, March 13th. Citigroup upgraded J. Sainsbury to a “strong-buy” rating in a research note on Friday, January 9th. Finally, Jefferies Financial Group reissued a “hold” rating on shares of J. Sainsbury in a report on Sunday, December 14th.

J. Sainsbury Trading Down 4.2%

Shares of JSAIY opened at $17.98 on Friday. The firm has a 50-day moving average of $18.48 and a 200-day moving average of $18.06. J. Sainsbury has a one year low of $11.68 and a one year high of $19.90. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.62 and a quick ratio of 0.31.

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.