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

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

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

J. Sainsbury Price Performance

JSAIY stock opened at $18.06 on Thursday. The business has a fifty day moving average price of $17.53 and a 200 day moving average price of $17.46. The company has a quick ratio of 0.31, a current ratio of 0.62 and a debt-to-equity ratio of 0.16. J. Sainsbury has a fifty-two week low of $11.68 and a fifty-two week high of $19.17.

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.