J. Sainsbury (OTCMKTS:JSAIY) Raised to “Hold” at Zacks Research

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

A number of other equities research analysts have also recently issued reports on JSAIY. Jefferies Financial Group reissued a “hold” rating on shares of J. Sainsbury in a research note on Sunday, December 14th. Citigroup raised shares of J. Sainsbury from a “hold” rating to a “buy” rating in a report on Thursday, December 11th. Kepler Capital Markets raised shares of J. Sainsbury from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 11th. Finally, Deutsche Bank Aktiengesellschaft raised shares of J. Sainsbury to a “buy” rating in a research note on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

J. Sainsbury Price Performance

Shares of JSAIY opened at $18.03 on Thursday. J. Sainsbury has a 12 month low of $11.68 and a 12 month high of $19.17. The stock’s 50 day moving average is $17.72 and its two-hundred day moving average is $17.18.

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.