J. Sainsbury (OTCMKTS:JSAIY) Reaches New 52-Week High – Here’s What Happened

J. Sainsbury PLC (OTCMKTS:JSAIY)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $18.88 and last traded at $18.85, with a volume of 14230 shares trading hands. The stock had previously closed at $18.63.

Analysts Set New Price Targets

Separately, Zacks Research downgraded shares of J. Sainsbury from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, J. Sainsbury has an average rating of “Hold”.

J. Sainsbury Stock Performance

The company’s fifty day moving average is $17.63 and its 200-day moving average is $16.19. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.57 and a current ratio of 0.74.

About J. Sainsbury

J Sainsbury plc, together with its subsidiaries, engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom and the Republic of Ireland. It operates through three segments: Retail Food, Retail General Merchandise and Clothing, and Financial Services.