J. Sainsbury PLC (OTCMKTS:JSAIY) Given Average Rating of “Hold” by Brokerages

J. Sainsbury PLC (OTCMKTS:JSAIY) has received a consensus rating of “Hold” from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company.

A number of research firms recently commented on JSAIY. The Goldman Sachs Group upgraded shares of J. Sainsbury from a “sell” rating to a “hold” rating in a report on Monday, August 3rd. Zacks Research upgraded shares of J. Sainsbury from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of J. Sainsbury in a research note on Tuesday, August 4th. Finally, Citigroup restated a “neutral” rating on shares of J. Sainsbury in a report on Friday, August 7th.

J. Sainsbury Price Performance

Shares of JSAIY opened at $18.07 on Monday. J. Sainsbury has a fifty-two week low of $15.87 and a fifty-two week high of $19.90. The firm has a 50 day moving average price of $18.35 and a 200-day moving average price of $18.12. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.24 and a current ratio of 0.56.

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.