J. Sainsbury PLC (OTCMKTS:JSAIY) Given Consensus Recommendation of “Hold” by Analysts

J. Sainsbury PLC (OTCMKTS:JSAIY) has earned a consensus rating of “Hold” from the six analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company.

A number of brokerages recently commented on JSAIY. The Goldman Sachs Group cut J. Sainsbury from a “strong-buy” rating to a “sell” rating in a report on Monday, April 27th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of J. Sainsbury in a research report on Monday, April 13th. Zacks Research upgraded J. Sainsbury from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Finally, Citigroup lowered shares of J. Sainsbury from a “buy” rating to a “neutral” rating in a report on Tuesday, April 28th.

J. Sainsbury Stock Up 1.7%

JSAIY stock traded up $0.32 during midday trading on Friday, reaching $18.63. 16,276 shares of the company’s stock traded hands, compared to its average volume of 58,649. The company has a quick ratio of 0.24, a current ratio of 0.56 and a debt-to-equity ratio of 0.16. J. Sainsbury has a 52-week low of $15.35 and a 52-week high of $19.90. The stock’s 50-day moving average is $16.89 and its 200 day moving average is $17.89.

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.