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

J. Sainsbury PLC (OTCMKTS:JSAIY) has received an average recommendation of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company.

A number of research analysts recently weighed in on the stock. 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 research note on Sunday, December 14th. Deutsche Bank Aktiengesellschaft upgraded shares of J. Sainsbury to a “buy” rating in a research report on Wednesday, December 10th. Citigroup raised shares of J. Sainsbury to a “strong-buy” rating in a research note on Friday, January 9th. Finally, Zacks Research upgraded shares of J. Sainsbury from a “strong sell” rating to a “hold” rating in a report on Friday, March 13th.

J. Sainsbury Trading Down 0.1%

OTCMKTS:JSAIY opened at $18.12 on Friday. J. Sainsbury has a 1 year low of $11.68 and a 1 year high of $19.90. The stock’s 50 day simple moving average is $18.56 and its two-hundred day simple moving average is $18.07. The company has a quick ratio of 0.31, a current ratio of 0.62 and a debt-to-equity ratio of 0.16.

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.