J. Sainsbury PLC (OTCMKTS:JSAIY) Receives Average Rating of “Hold” from Brokerages

Shares of J. Sainsbury PLC (OTCMKTS:JSAIY) have earned an average recommendation of “Hold” from the six analysts that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company.

JSAIY has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of J. Sainsbury in a research note on Monday, April 13th. The Goldman Sachs Group lowered J. Sainsbury from a “strong-buy” rating to a “sell” rating in a report on Monday, April 27th. Citigroup downgraded J. Sainsbury from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 28th. Finally, Zacks Research raised shares of J. Sainsbury from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th.

J. Sainsbury Trading Up 0.0%

JSAIY opened at $19.29 on Friday. The stock has a 50-day moving average of $17.03 and a 200 day moving average of $17.93. 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 12 month low of $15.78 and a 12 month high of $19.90.

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.