J. Sainsbury (OTCMKTS:JSAIY) Shares Gap Up – Here’s Why

J. Sainsbury PLC (OTCMKTS:JSAIY)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $17.13, but opened at $18.13. J. Sainsbury shares last traded at $18.14, with a volume of 3,152 shares traded.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on JSAIY shares. Zacks Research raised J. Sainsbury from a “strong sell” rating to a “hold” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of J. Sainsbury in a research note on Monday, April 13th. 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. Finally, Citigroup cut shares of J. Sainsbury from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 28th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold”.

J. Sainsbury Stock Up 1.9%

The business has a 50 day moving average of $16.92 and a 200 day moving average of $17.86. The company has a quick ratio of 0.24, a current ratio of 0.56 and a debt-to-equity ratio of 0.16.

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.