J. Sainsbury (OTCMKTS:JSAIY) Reaches New 12-Month High – Still a Buy?

J. Sainsbury PLC (OTCMKTS:JSAIY)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $19.6620 and last traded at $19.65, with a volume of 26187 shares. The stock had previously closed at $19.64.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on JSAIY. Deutsche Bank Aktiengesellschaft raised J. Sainsbury to a “buy” rating in a research report on Wednesday, December 10th. Zacks Research lowered J. Sainsbury from a “hold” rating to a “strong sell” rating in a research report on Monday, February 16th. Jefferies Financial Group reissued a “hold” rating on shares of J. Sainsbury in a research report on Sunday, December 14th. Citigroup upgraded shares of J. Sainsbury to a “strong-buy” rating in a research report on Friday, January 9th. Finally, Kepler Capital Markets upgraded shares of J. Sainsbury from a “strong sell” rating to a “hold” rating in a report on Thursday, December 11th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, J. Sainsbury has an average rating of “Moderate Buy”.

J. Sainsbury Trading Up 0.2%

The company’s 50 day moving average price is $18.18 and its 200 day moving average price is $17.78. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.31 and a current ratio of 0.62.

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.