J. Sainsbury PLC (OTCMKTS:JSAIY) Receives Consensus Recommendation of “Reduce” from Analysts

J. Sainsbury PLC (OTCMKTS:JSAIY) has earned an average recommendation of “Reduce” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company.

Several brokerages have recently weighed in on JSAIY. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of J. Sainsbury in a research note on Monday, April 13th. Citigroup downgraded J. Sainsbury from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 28th. Zacks Research downgraded J. Sainsbury from a “hold” rating to a “strong sell” rating in a research note on Friday, April 24th. Finally, The Goldman Sachs Group downgraded J. Sainsbury from a “strong-buy” rating to a “sell” rating in a research note on Monday, April 27th.

J. Sainsbury Price Performance

Shares of JSAIY stock opened at $17.13 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.62 and a debt-to-equity ratio of 0.16. The stock has a 50 day simple moving average of $18.18 and a 200-day simple moving average of $18.08. J. Sainsbury has a 1-year low of $15.24 and a 1-year high of $19.90.

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.