J. Sainsbury (OTCMKTS:JSAIY) Hits New 12-Month High – Here’s Why

Shares of J. Sainsbury PLC (OTCMKTS:JSAIY) hit a new 52-week high on Monday . The company traded as high as $17.44 and last traded at $17.44, with a volume of 752 shares changing hands. The stock had previously closed at $16.95.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group lowered shares of J. Sainsbury from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. Three research analysts have rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.

J. Sainsbury Trading Up 4.0%

The firm has a fifty day simple moving average of $16.39 and a 200-day simple moving average of $14.99. The company has a current ratio of 0.74, a quick ratio of 0.57 and a debt-to-equity ratio of 0.16.

About J. Sainsbury

J Sainsbury plc, together with its subsidiaries, engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom and the Republic of Ireland. It operates through three segments: Retail Food, Retail General Merchandise and Clothing, and Financial Services.