J. Sainsbury (OTCMKTS:JSAIY) Reaches New 1-Year High - Here's Why

Key Points

• J. Sainsbury PLC shares reached a new 52-week high of $18.55, closing slightly lower at $18.44 with over 25,100 shares traded.
• Zacks Research has downgraded J. Sainsbury from a "strong-buy" rating to a "hold" rating, with one analyst maintaining a Strong Buy and four others assigning a Hold rating.
• The company operates primarily in the food, general merchandise, clothing retailing, and financial services sectors in the UK and Ireland.

J. Sainsbury PLC (OTCMKTS:JSAIY - Get Free Report) shares reached a new 52-week high on Wednesday . The company traded as high as $18.55 and last traded at $18.44, with a volume of 25107 shares traded. The stock had previously closed at $18.41.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut J. Sainsbury from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold".

J. Sainsbury Stock Performance

The business has a fifty day simple moving average of $17.46 and a 200 day simple moving average of $15.98. 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.

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