J. Sainsbury (OTCMKTS:JSAIY) Cut to “Strong Sell” at Zacks Research

Zacks Research downgraded shares of J. Sainsbury (OTCMKTS:JSAIY) from a hold rating to a strong sell rating in a research report report published on Monday morning,Zacks.com reports.

Several other equities analysts also recently commented on JSAIY. Jefferies Financial Group reiterated a “hold” rating on shares of J. Sainsbury in a report on Sunday, December 14th. Citigroup upgraded shares of J. Sainsbury to a “strong-buy” rating in a report on Friday, January 9th. Kepler Capital Markets upgraded shares of J. Sainsbury from a “strong sell” rating to a “hold” rating in a report on Thursday, December 11th. Finally, Deutsche Bank Aktiengesellschaft upgraded J. Sainsbury to a “buy” rating in a research note on Wednesday, December 10th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

J. Sainsbury Trading Down 0.2%

Shares of OTCMKTS JSAIY opened at $19.52 on Monday. The business’s 50-day simple moving average is $17.99 and its 200-day simple moving average is $17.66. 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 has a 52 week low of $11.68 and a 52 week high of $19.64.

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.