J. Sainsbury (OTCMKTS:JSAIY) Reaches New 52-Week High – Here’s What Happened

J. Sainsbury PLC (OTCMKTS:JSAIY) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $18.88 and last traded at $18.85, with a volume of 14230 shares. The stock had previously closed at $18.63.

Analysts Set New Price Targets

Separately, Zacks Research lowered shares of J. Sainsbury from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

J. Sainsbury Price Performance

The business’s 50-day simple moving average is $17.63 and its two-hundred day simple moving average is $16.19. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.74 and a quick ratio of 0.57.

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 and the Republic of Ireland. It operates through three segments: Retail Food, Retail General Merchandise and Clothing, and Financial Services.