J. Sainsbury (OTCMKTS:JSAIY) Shares Gap Up – Still a Buy?

J. Sainsbury PLC (OTCMKTS:JSAIY) gapped up prior to trading on Thursday. The stock had previously closed at $17.15, but opened at $17.88. J. Sainsbury shares last traded at $17.90, with a volume of 1,400 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Zacks Research upgraded shares of J. Sainsbury from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Citigroup restated a “neutral” rating on shares of J. Sainsbury in a research report on Monday, September 28th. The Goldman Sachs Group raised shares of J. Sainsbury from a “sell” rating to a “hold” rating in a research note on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of J. Sainsbury in a research note on Tuesday, August 4th. One research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, J. Sainsbury presently has a consensus rating of “Hold”.

J. Sainsbury Stock Performance

The company has a 50 day simple moving average of $18.20 and a 200-day simple moving average of $17.89. The company has a quick ratio of 0.24, a current ratio of 0.56 and a debt-to-equity ratio of 0.16.

About J. Sainsbury

J Sainsbury plc is a United Kingdom-based retail company operating under the Sainsbury’s brand. Its core business is the sale of groceries through supermarkets and convenience stores, offering fresh food, packaged food, household goods, beverages, and other everyday essentials through physical stores and online channels.

The company also operates Argos, a general merchandise retailer offering products such as consumer electronics, toys, home furnishings, appliances, and other goods through stores, collection points, and delivery services.