J. Sainsbury PLC (OTCMKTS:JSAIY) Receives Average Rating of “Moderate Buy” from Brokerages

J. Sainsbury PLC (OTCMKTS:JSAIY) has been given an average recommendation of “Moderate Buy” by the seven ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, one has issued a buy recommendation and two have given a strong buy recommendation to the company.

A number of equities analysts have recently issued reports on JSAIY shares. Deutsche Bank Aktiengesellschaft upgraded shares of J. Sainsbury to a “buy” rating in a research report on Wednesday, December 10th. Zacks Research cut shares of J. Sainsbury from a “hold” rating to a “strong sell” rating in a research note on Monday, February 16th. Citigroup raised shares of J. Sainsbury to a “strong-buy” rating in a report on Friday, January 9th. Jefferies Financial Group reaffirmed a “hold” rating on shares of J. Sainsbury in a report on Sunday, December 14th. Finally, Kepler Capital Markets upgraded shares of J. Sainsbury from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 11th.

J. Sainsbury Stock Down 2.0%

Shares of OTCMKTS:JSAIY opened at $19.06 on Monday. J. Sainsbury has a 12 month low of $11.68 and a 12 month high of $19.90. The company has a current ratio of 0.62, a quick ratio of 0.31 and a debt-to-equity ratio of 0.16. The company’s fifty day moving average price is $18.25 and its 200 day moving average price is $17.81.

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.