J. Sainsbury PLC (OTCMKTS:JSAIY) Receives Average Rating of “Hold” from Analysts

Shares of J. Sainsbury PLC (OTCMKTS:JSAIY) have earned an average rating of “Hold” from the six ratings firms that are covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company.

Several research analysts recently weighed in on the company. The Goldman Sachs Group upgraded J. Sainsbury from a “sell” rating to a “hold” rating in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of J. Sainsbury in a research report on Tuesday, August 4th. Zacks Research raised shares of J. Sainsbury from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Finally, Citigroup reissued a “neutral” rating on shares of J. Sainsbury in a research note on Friday, August 7th.

J. Sainsbury Trading Up 0.8%

Shares of J. Sainsbury stock opened at $18.38 on Monday. The business has a 50 day simple moving average of $18.52 and a two-hundred day simple moving average of $18.09. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.56 and a quick ratio of 0.24. J. Sainsbury has a 12 month low of $15.87 and a 12 month high of $19.90.

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.