J. Sainsbury PLC (OTCMKTS:JSAIY) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of J. Sainsbury PLC (OTCMKTS:JSAIY) have received a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and two have assigned a strong buy recommendation to the company.

Several analysts recently issued reports on JSAIY shares. Kepler Capital Markets upgraded J. Sainsbury from a “strong sell” rating to a “hold” rating in a report on Thursday, December 11th. Zacks Research upgraded J. Sainsbury from a “strong sell” rating to a “hold” rating in a research note on Friday, March 13th. Jefferies Financial Group reissued a “hold” rating on shares of J. Sainsbury in a research report on Sunday, December 14th. Deutsche Bank Aktiengesellschaft raised shares of J. Sainsbury to a “buy” rating in a research report on Wednesday, December 10th. Finally, Citigroup upgraded shares of J. Sainsbury to a “strong-buy” rating in a research note on Friday, January 9th.

J. Sainsbury Trading Down 0.9%

OTCMKTS JSAIY opened at $18.77 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.31 and a current ratio of 0.62. The company’s 50 day moving average price is $18.46 and its 200 day moving average price is $18.02. J. Sainsbury has a one year low of $11.68 and a one year high of $19.90.

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.