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

J. Sainsbury PLC (OTCMKTS:JSAIY) has received an average recommendation of “Hold” from the six brokerages that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company.

A number of equities research analysts have recently issued reports on the stock. Citigroup downgraded shares of J. Sainsbury from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 28th. Zacks Research upgraded J. Sainsbury from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. The Goldman Sachs Group downgraded J. Sainsbury from a “strong-buy” rating to a “sell” rating in a research note on Monday, April 27th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of J. Sainsbury in a report on Monday, April 13th.

J. Sainsbury Stock Up 0.6%

JSAIY opened at $18.79 on Friday. 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 has a 1-year low of $15.35 and a 1-year high of $19.90. The firm’s 50 day simple moving average is $16.93 and its two-hundred day simple moving average is $17.90.

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.