J. Sainsbury PLC (OTCMKTS:JSAIY) Receives Consensus Rating of “Moderate Buy” from Brokerages

J. Sainsbury PLC (OTCMKTS:JSAIY) has been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company.

Several analysts recently issued reports on JSAIY shares. Citigroup raised J. Sainsbury from a “hold” rating to a “buy” rating in a report on Thursday, December 11th. Zacks Research upgraded J. Sainsbury from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 1st. Kepler Capital Markets raised shares of J. Sainsbury from a “strong sell” rating to a “hold” rating in a report on Thursday, December 11th. Jefferies Financial Group reaffirmed a “hold” rating on shares of J. Sainsbury in a report on Sunday, December 14th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of J. Sainsbury to a “buy” rating in a research report on Wednesday, December 10th.

J. Sainsbury Stock Performance

Shares of JSAIY stock opened at $16.78 on Friday. The business has a 50 day moving average of $17.66 and a two-hundred day moving average of $17.26. J. Sainsbury has a 52 week low of $11.68 and a 52 week high of $19.17.

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.