J. Sainsbury (OTCMKTS:JSAIY) Upgraded at Zacks Research

J. Sainsbury (OTCMKTS:JSAIY) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other research analysts have also recently commented on the stock. Citigroup cut shares of J. Sainsbury from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 28th. The Goldman Sachs Group cut J. Sainsbury from a “strong-buy” rating to a “sell” rating in a research report on Monday, April 27th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of J. Sainsbury in a report on Monday, April 13th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, J. Sainsbury has an average rating of “Hold”.

J. Sainsbury Stock Performance

OTCMKTS:JSAIY opened at $17.09 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.24 and a current ratio of 0.56. The firm’s 50-day moving average is $16.95 and its 200-day moving average is $17.86. J. Sainsbury has a 52-week low of $15.24 and a 52-week 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.