J. Sainsbury PLC (OTCMKTS:JSAIY) Receives Average Rating of “Hold” from Analysts

J. Sainsbury PLC (OTCMKTS:JSAIY) has been assigned a consensus recommendation of “Hold” from the six research firms that are currently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company.

A number of brokerages recently weighed in on JSAIY. Citigroup downgraded shares of J. Sainsbury from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 28th. The Goldman Sachs Group raised J. Sainsbury from a “sell” rating to a “hold” rating in a research note on Monday. Zacks Research raised shares of J. Sainsbury from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of J. Sainsbury in a report on Tuesday.

J. Sainsbury Stock Performance

Shares of OTCMKTS JSAIY opened at $19.21 on Thursday. The company’s 50 day moving average price is $17.65 and its 200-day moving average price is $18.06. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.24 and a current ratio of 0.56. J. Sainsbury has a 52-week low of $15.87 and a 52-week 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.