J. Sainsbury PLC (OTCMKTS:JSAIY) Given Average Rating of “Reduce” by Brokerages

J. Sainsbury PLC (OTCMKTS:JSAIY) has been given a consensus recommendation of “Reduce” by the six brokerages that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company.

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

J. Sainsbury Stock Down 1.6%

Shares of J. Sainsbury stock opened at $16.30 on Friday. The business has a 50-day moving average of $17.96 and a 200-day moving average of $18.02. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.31 and a current ratio of 0.56. J. Sainsbury has a 1-year low of $15.24 and a 1-year high of $19.90.

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.