Zacks Research Downgrades J. Sainsbury (OTCMKTS:JSAIY) to Strong Sell

J. Sainsbury (OTCMKTS:JSAIY) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Monday,Zacks.com reports.

A number of other brokerages have also commented on JSAIY. Kepler Capital Markets upgraded J. Sainsbury from a “strong sell” rating to a “hold” rating in a report on Thursday, December 11th. Jefferies Financial Group restated a “hold” rating on shares of J. Sainsbury in a research note on Sunday, December 14th. Deutsche Bank Aktiengesellschaft raised shares of J. Sainsbury to a “buy” rating in a research note on Wednesday, December 10th. Finally, Citigroup raised shares of J. Sainsbury to a “strong-buy” rating in a research report on Friday, January 9th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, J. Sainsbury has an average rating of “Moderate Buy”.

J. Sainsbury Stock Performance

Shares of OTCMKTS JSAIY opened at $19.55 on Monday. J. Sainsbury has a 52-week low of $11.68 and a 52-week high of $19.62. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.31 and a current ratio of 0.62. The firm has a 50 day moving average price of $17.94 and a 200 day moving average price of $17.65.

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.