J. Sainsbury PLC (OTCMKTS:JSAIY) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of J. Sainsbury PLC (OTCMKTS:JSAIY) have been assigned a consensus rating of “Hold” from the six research firms that are currently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and one has issued a buy rating on the company.

A number of brokerages have issued reports on JSAIY. Citigroup downgraded shares of J. Sainsbury from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 28th. The Goldman Sachs Group raised shares of J. Sainsbury from a “sell” rating to a “hold” rating in a report on Monday. Zacks Research upgraded J. Sainsbury from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of J. Sainsbury in a research note on Tuesday.

J. Sainsbury Trading Up 0.4%

Shares of OTCMKTS JSAIY opened at $19.21 on Thursday. The stock’s fifty day moving average is $17.65 and its 200 day moving average is $18.06. J. Sainsbury has a 52 week low of $15.87 and a 52 week high of $19.90. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.24 and a current ratio of 0.56.

About J. Sainsbury

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.