J. Sainsbury (OTCMKTS:JSAIY) Sets New 1-Year High – Should You Buy?

J. Sainsbury PLC (OTCMKTS:JSAIY) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $19.2660 and last traded at $19.2660, with a volume of 9611 shares. The stock had previously closed at $18.74.

Analysts Set New Price Targets

Several brokerages recently commented on JSAIY. Kepler Capital Markets raised shares of J. Sainsbury from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 11th. Jefferies Financial Group reissued a “hold” rating on shares of J. Sainsbury in a research note on Sunday, December 14th. Deutsche Bank Aktiengesellschaft upgraded J. Sainsbury to a “buy” rating in a report on Wednesday, December 10th. Citigroup upgraded J. Sainsbury to a “strong-buy” rating in a report on Friday, January 9th. Finally, Zacks Research raised J. Sainsbury from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 1st. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

J. Sainsbury Trading Up 1.3%

The company’s fifty day moving average is $17.83 and its two-hundred day moving average is $17.59. The company has a current ratio of 0.62, a quick ratio of 0.31 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.