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

J. Sainsbury PLC (OTCMKTS:JSAIY) has been given an average recommendation of “Hold” by the six ratings firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company.

A number of equities analysts have issued reports on the stock. Citigroup cut shares of J. Sainsbury from a “buy” rating to a “neutral” rating in a report on Tuesday, April 28th. Zacks Research raised J. Sainsbury from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of J. Sainsbury in a research report on Monday, April 13th. Finally, The Goldman Sachs Group downgraded J. Sainsbury from a “strong-buy” rating to a “sell” rating in a report on Monday, April 27th.

J. Sainsbury Price Performance

OTCMKTS JSAIY opened at $19.28 on Friday. J. Sainsbury has a one year low of $15.73 and a one year high of $19.90. The company has a 50-day simple moving average of $16.99 and a 200-day simple moving average of $17.92. The company has a quick ratio of 0.24, a current ratio of 0.56 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.