J. Sainsbury (OTCMKTS:JSAIY) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of J. Sainsbury (OTCMKTS:JSAIY) from a strong sell rating to a hold rating in a report published on Monday,Zacks.com reports.

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

J. Sainsbury Price Performance

Shares of JSAIY stock opened at $17.09 on Monday. J. Sainsbury has a fifty-two week low of $15.24 and a fifty-two week high of $19.90. The business’s 50 day moving average price is $16.95 and its 200-day moving average price is $17.86. The company has a current ratio of 0.56, a quick ratio of 0.24 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.