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

Shares of J. Sainsbury PLC (OTCMKTS:JSAIY) have received a consensus recommendation of “Hold” from the six analysts that are covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company.

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

J. Sainsbury Stock Performance

Shares of J. Sainsbury stock opened at $18.38 on Monday. J. Sainsbury has a 12-month low of $15.87 and a 12-month high of $19.90. The company has a 50-day simple moving average of $18.52 and a 200 day simple moving average of $18.08. The company has a current ratio of 0.56, a quick ratio of 0.24 and a debt-to-equity ratio of 0.16.

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.