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

Shares of J. Sainsbury PLC (OTCMKTS:JSAIY) have been given a consensus recommendation of “Moderate Buy” by the seven research firms that are presently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating on the company.

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

J. Sainsbury Stock Performance

OTCMKTS:JSAIY opened at $18.06 on Thursday. The company’s fifty day moving average price is $17.51 and its 200-day moving average price is $17.43. The company has a current ratio of 0.62, a quick ratio of 0.31 and a debt-to-equity ratio of 0.16. J. Sainsbury has a 1-year low of $11.68 and a 1-year 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.