J. Sainsbury PLC (OTCMKTS:JSAIY) Given Average Recommendation of “Reduce” by Brokerages

Shares of J. Sainsbury PLC (OTCMKTS:JSAIY) have received a consensus rating of “Reduce” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company.

A number of equities research analysts recently weighed in on JSAIY shares. Zacks Research lowered shares of J. Sainsbury from a “hold” rating to a “strong sell” rating in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of J. Sainsbury in a report on Monday, April 13th. Citigroup lowered shares of J. Sainsbury from a “buy” rating to a “neutral” rating in a report on Tuesday, April 28th. Finally, The Goldman Sachs Group lowered shares of J. Sainsbury from a “strong-buy” rating to a “sell” rating in a report on Monday, April 27th.

J. Sainsbury Stock Performance

Shares of JSAIY stock opened at $16.14 on Tuesday. The company’s fifty day simple moving average is $17.30 and its 200-day simple moving average is $17.87. J. Sainsbury has a 52 week low of $15.24 and a 52 week high of $19.90. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.56 and a quick ratio of 0.24.

J. Sainsbury Company Profile

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.