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

J. Sainsbury PLC (OTCMKTS:JSAIY) has been given a consensus rating of “Hold” by the six research firms that are presently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company.

JSAIY has been the topic of several research analyst reports. The Goldman Sachs Group upgraded shares of J. Sainsbury from a “sell” rating to a “hold” rating in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of J. Sainsbury in a research note on Tuesday, August 4th. Zacks Research upgraded shares of J. Sainsbury from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Finally, Citigroup reissued a “neutral” rating on shares of J. Sainsbury in a research note on Friday, August 7th.

J. Sainsbury Trading Down 1.7%

OTCMKTS:JSAIY opened at $18.24 on Thursday. J. Sainsbury has a 52 week low of $15.87 and a 52 week high of $19.90. The stock’s fifty day moving average is $17.91 and its two-hundred day moving average is $18.11. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.24 and a current ratio of 0.56.

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.