J. Sainsbury PLC (OTCMKTS:JSAIY) Receives Consensus Recommendation of “Reduce” from Brokerages

J. Sainsbury PLC (OTCMKTS:JSAIY – Get Free Report) has been assigned an average recommendation of “Reduce” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company.

JSAIY has been the subject of a number of research analyst reports. The Goldman Sachs Group lowered J. Sainsbury from a “strong-buy” rating to a “sell” rating in a research report on Monday, April 27th. Citigroup lowered J. Sainsbury from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 28th. Zacks Research lowered J. Sainsbury from a “hold” rating to a “strong sell” rating in a research report on Friday, April 24th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of J. Sainsbury in a research report on Monday, April 13th.

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J. Sainsbury Trading Down 1.0%

Shares of JSAIY stock opened at $16.65 on Tuesday. The stock has a fifty day simple moving average of $17.51 and a two-hundred day simple moving average of $17.91. The company has a current ratio of 0.56, a quick ratio of 0.24 and a debt-to-equity ratio of 0.16. J. Sainsbury has a 52-week low of $15.24 and a 52-week high of $19.90.

About J. Sainsbury

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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.

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