Zacks Research Upgrades J. Sainsbury (OTCMKTS:JSAIY) to Hold

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

Other equities research analysts have also issued reports about the stock. The Goldman Sachs Group lowered shares of J. Sainsbury from a “strong-buy” rating to a “sell” rating in a research note on Monday, April 27th. Citigroup lowered shares of J. Sainsbury from a “buy” rating to a “neutral” rating in a report on Tuesday, April 28th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of J. Sainsbury in a research report on Monday, April 13th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold”.

J. Sainsbury Stock Performance

OTCMKTS:JSAIY opened at $17.09 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.56 and a quick ratio of 0.24. J. Sainsbury has a fifty-two week low of $15.24 and a fifty-two week high of $19.90. The company has a 50 day simple moving average of $16.95 and a two-hundred day simple moving average of $17.86.

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.