J. Sainsbury (OTCMKTS:JSAIY) Sets New 12-Month High – Time to Buy?

J. Sainsbury PLC (OTCMKTS:JSAIY)’s share price reached a new 52-week high on Tuesday . The company traded as high as $19.6620 and last traded at $19.65, with a volume of 26187 shares. The stock had previously closed at $19.64.

Analyst Ratings Changes

A number of research analysts recently issued reports on JSAIY shares. Zacks Research downgraded J. Sainsbury from a “hold” rating to a “strong sell” rating in a report on Monday, February 16th. Kepler Capital Markets raised J. Sainsbury from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 11th. Deutsche Bank Aktiengesellschaft upgraded J. Sainsbury to a “buy” rating in a report on Wednesday, December 10th. Citigroup upgraded shares of J. Sainsbury to a “strong-buy” rating in a report on Friday, January 9th. Finally, Jefferies Financial Group restated a “hold” rating on shares of J. Sainsbury in a report on Sunday, December 14th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

J. Sainsbury Stock Performance

The company has a 50 day moving average of $18.11 and a two-hundred day moving average of $17.74. The company has a quick ratio of 0.31, a current ratio of 0.62 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.