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

Shares of J. Sainsbury PLC (OTCMKTS:JSAIY) have been given a consensus recommendation of “Reduce” by the six ratings firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company.

A number of equities analysts recently commented on the company. Citigroup cut J. Sainsbury from a “buy” rating to a “neutral” rating in a report on Tuesday, April 28th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of J. Sainsbury in a research note on Monday, April 13th. Zacks Research lowered J. Sainsbury from a “hold” rating to a “strong sell” rating in a research note on Friday, April 24th. Finally, The Goldman Sachs Group lowered 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 J. Sainsbury stock opened at $16.65 on Tuesday. J. Sainsbury has a one year low of $15.24 and a one year high of $19.90. The stock’s fifty day moving average is $17.51 and its 200 day moving average is $17.91. The company has a quick ratio of 0.24, a current ratio of 0.56 and a debt-to-equity ratio of 0.16.

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.