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

J. Sainsbury PLC (OTCMKTS:JSAIY) has earned an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating on the company.

Several equities analysts recently issued reports on the company. Citigroup upgraded J. Sainsbury to a “strong-buy” rating in a research note on Friday, January 9th. Kepler Capital Markets upgraded shares of J. Sainsbury from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 11th. Jefferies Financial Group reaffirmed 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 report on Wednesday, December 10th. Finally, Zacks Research upgraded shares of J. Sainsbury from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 1st.

J. Sainsbury Trading Up 3.3%

Shares of JSAIY opened at $18.69 on Thursday. The stock has a 50 day moving average of $17.57 and a 200-day moving average of $17.48. The company has a current ratio of 0.62, a quick ratio of 0.31 and a debt-to-equity ratio of 0.16. J. Sainsbury has a 52 week low of $11.68 and a 52 week high of $19.17.

J. Sainsbury Company Profile

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.