J. Sainsbury (OTCMKTS:JSAIY) Sees Unusually-High Trading Volume – Time to Buy?

J. Sainsbury PLC (OTCMKTS:JSAIY) shares saw unusually-strong trading volume on Thursday . Approximately 25,308 shares traded hands during mid-day trading, an increase of 37% from the previous session’s volume of 18,501 shares.The stock last traded at $17.96 and had previously closed at $18.41.

Analysts Set New Price Targets

A number of analysts have recently issued reports on JSAIY shares. Kepler Capital Markets upgraded shares of J. Sainsbury from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 11th. Citigroup raised shares of J. Sainsbury from a “hold” rating to a “buy” rating in a report on Thursday, December 11th. Jefferies Financial Group restated a “hold” rating on shares of J. Sainsbury in a report on Sunday, December 14th. Zacks Research raised J. Sainsbury from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 1st. Finally, Deutsche Bank Aktiengesellschaft upgraded J. Sainsbury to a “buy” rating in a research note on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, J. Sainsbury currently has an average rating of “Moderate Buy”.

J. Sainsbury Price Performance

The business’s 50-day moving average price is $17.66 and its two-hundred day moving average price is $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.