Shares of J. Sainsbury PLC (OTCMKTS:JSAIY – Get Free Report) saw unusually-strong trading volume on Thursday. Approximately 185,608 shares were traded during trading, an increase of 272% from the average daily volume of 49,907 shares. The stock last traded at $19.42 and had previously closed at $19.31.
Wall Street Analysts Forecast Growth
JSAIY has been the topic of several recent research reports. Citigroup reiterated a “neutral” rating on shares of J. Sainsbury in a report on Monday, September 28th. Deutsche Bank Aktiengesellschaft cut J. Sainsbury from a “buy” rating to a “hold” rating in a report on Tuesday, October 27th. Finally, The Goldman Sachs Group upgraded shares of J. Sainsbury from a “sell” rating to a “hold” rating in a research report on Monday, August 3rd. Six equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.
Read Our Latest Report on JSAIY
J. Sainsbury Price Performance
The firm’s 50-day simple moving average is $18.17 and its 200 day simple moving average is $18.13. 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 Company Profile
J. Sainsbury plc is a United Kingdom-based retail company that operates supermarkets, convenience stores and online grocery services under the Sainsbury’s brand. Its stores sell food, beverages, household goods and other everyday consumer products, including a range of private-label merchandise alongside branded products.
The company also operates Argos, a general merchandise retailer offering products such as consumer electronics, home goods, toys and other non-food items through stores, collection points and online channels.
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