J. Sainsbury (OTCMKTS:JSAIY) Sets New 52-Week High – Here’s What Happened

J. Sainsbury PLC (OTCMKTS:JSAIY)’s stock price reached a new 52-week high during trading on Tuesday . The stock 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.

Analysts Set New Price Targets

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

J. Sainsbury Trading Up 0.1%

The firm has a 50 day simple moving average of $18.11 and a 200 day simple moving average of $17.74. 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.