J. Sainsbury PLC (OTCMKTS:JSAIY) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

J. Sainsbury PLC (OTCMKTS:JSAIY) has been assigned a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and two have given a strong buy recommendation to the company.

Several brokerages recently issued reports on JSAIY. Deutsche Bank Aktiengesellschaft upgraded J. Sainsbury to a “buy” rating in a report on Wednesday, December 10th. Jefferies Financial Group reissued a “hold” rating on shares of J. Sainsbury in a research report on Sunday, December 14th. Kepler Capital Markets upgraded shares of J. Sainsbury from a “strong sell” rating to a “hold” rating in a report on Thursday, December 11th. Zacks Research upgraded shares of J. Sainsbury from a “strong sell” rating to a “hold” rating in a report on Thursday, January 1st. Finally, Citigroup raised shares of J. Sainsbury to a “strong-buy” rating in a research report on Friday, January 9th.

J. Sainsbury Trading Down 0.7%

Shares of OTCMKTS:JSAIY opened at $17.80 on Thursday. The firm has a fifty day moving average of $17.48 and a two-hundred day moving average of $17.40. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.62 and a quick ratio of 0.31. J. Sainsbury has a 12-month low of $11.68 and a 12-month high of $19.17.

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.