J. Sainsbury PLC (OTCMKTS:JSAIY) Stock Rated “Hold” by Wall Street Brokerages

Shares of J. Sainsbury PLC (OTCMKTS:JSAIY) have been given an average recommendation of “Hold” by the six research firms that are currently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company.

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

J. Sainsbury Price Performance

Shares of OTCMKTS:JSAIY opened at $17.21 on Friday. J. Sainsbury has a 52 week low of $15.87 and a 52 week high of $19.90. The company’s 50 day moving average is $18.34 and its two-hundred day moving average is $17.94. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.56 and a quick ratio of 0.24.

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.