J. Sainsbury PLC (OTCMKTS:JSAIY) Receives Consensus Rating of “Reduce” from Brokerages

J. Sainsbury PLC (OTCMKTS:JSAIY) has been assigned an average recommendation of “Reduce” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company.

Several brokerages recently issued reports on JSAIY. Zacks Research lowered J. Sainsbury from a “hold” rating to a “strong sell” rating in a research report on Friday, April 24th. The Goldman Sachs Group lowered J. Sainsbury from a “strong-buy” rating to a “sell” rating in a research report on Monday, April 27th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of J. Sainsbury in a research report on Monday, April 13th. Finally, Citigroup lowered J. Sainsbury from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 28th.

J. Sainsbury Price Performance

Shares of OTCMKTS:JSAIY opened at $16.29 on Tuesday. The company has a quick ratio of 0.24, a current ratio of 0.56 and a debt-to-equity ratio of 0.16. J. Sainsbury has a 12-month low of $15.24 and a 12-month high of $19.90. The business has a fifty day simple moving average of $17.24 and a 200 day simple moving average of $17.87.

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.