J. Sainsbury PLC (OTCMKTS:JSAIY) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of J. Sainsbury PLC (OTCMKTS:JSAIY) have earned a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company.

Several research firms have recently commented on JSAIY. Jefferies Financial Group reiterated a “hold” rating on shares of J. Sainsbury in a research note on Sunday, December 14th. Kepler Capital Markets raised shares of J. Sainsbury from a “strong sell” rating to a “hold” rating in a report on Thursday, December 11th. Zacks Research raised shares of J. Sainsbury from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 1st. Citigroup raised shares of J. Sainsbury from a “hold” rating to a “buy” rating in a research report on Thursday, December 11th. Finally, Deutsche Bank Aktiengesellschaft upgraded J. Sainsbury to a “buy” rating in a research note on Wednesday, December 10th.

J. Sainsbury Stock Performance

Shares of OTCMKTS JSAIY opened at $18.15 on Friday. J. Sainsbury has a fifty-two week low of $11.68 and a fifty-two week high of $19.17. The business has a 50 day moving average price of $17.69 and a two-hundred day moving average price of $17.25.

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.