J. Sainsbury (OTCMKTS:JSAIY) Shares Gap Up – Time to Buy?

J. Sainsbury PLC (OTCMKTS:JSAIY) gapped up prior to trading on Thursday. The stock had previously closed at $17.15, but opened at $17.88. J. Sainsbury shares last traded at $17.90, with a volume of 1,400 shares changing hands.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Zacks Research upgraded J. Sainsbury from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of J. Sainsbury in a research note on Tuesday, August 4th. The Goldman Sachs Group upgraded J. Sainsbury from a “sell” rating to a “hold” rating in a research report on Monday, August 3rd. Finally, Citigroup reaffirmed a “neutral” rating on shares of J. Sainsbury in a research note on Monday, September 28th. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold”.

J. Sainsbury Stock Performance

The business’s 50-day moving average is $18.20 and its two-hundred day moving average is $17.89. The company has a current ratio of 0.56, a quick ratio of 0.24 and a debt-to-equity ratio of 0.16.

J. Sainsbury Company Profile

J Sainsbury plc is a United Kingdom-based retail company operating under the Sainsbury’s brand. Its core business is the sale of groceries through supermarkets and convenience stores, offering fresh food, packaged food, household goods, beverages, and other everyday essentials through physical stores and online channels.

The company also operates Argos, a general merchandise retailer offering products such as consumer electronics, toys, home furnishings, appliances, and other goods through stores, collection points, and delivery services.