J. Sainsbury (OTCMKTS:JSAIY) Lowered to “Strong Sell” Rating by Zacks Research

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

Several other research firms have also recently weighed in on JSAIY. Citigroup upgraded shares of J. Sainsbury to a “strong-buy” rating in a report on Friday, January 9th. 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. Deutsche Bank Aktiengesellschaft upgraded shares of J. Sainsbury to a “buy” rating in a research report on Wednesday, December 10th. Finally, Jefferies Financial Group restated a “hold” rating on shares of J. Sainsbury in a report on Sunday, December 14th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, J. Sainsbury presently has an average rating of “Moderate Buy”.

J. Sainsbury Stock Performance

OTCMKTS JSAIY opened at $19.55 on Monday. J. Sainsbury has a fifty-two week low of $11.68 and a fifty-two week high of $19.62. The stock has a 50 day simple moving average of $17.94 and a two-hundred day simple moving average of $17.65. The company has a current ratio of 0.62, a quick ratio of 0.31 and a debt-to-equity ratio of 0.16.

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.