J. Sainsbury (OTCMKTS:JSAIY) Sets New 12-Month High - What's Next?

Key Points

• J. Sainsbury PLC reached a new 52-week high, trading at $18.38 during Tuesday's session, following a previous close of $18.08.
• Zacks Research upgraded J. Sainsbury from a "hold" rating to a "strong-buy" rating, contributing to an overall average rating of "Moderate Buy" from analysts.
• The company's financial metrics include a quick ratio of 0.57, current ratio of 0.74, and debt-to-equity ratio of 0.16.

J. Sainsbury PLC (OTCMKTS:JSAIY - Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as $18.38 and last traded at $18.36, with a volume of 3676 shares. The stock had previously closed at $18.08.

Analyst Ratings Changes

Separately, Zacks Research upgraded J. Sainsbury from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 17th. Two research analysts have rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy".

J. Sainsbury Stock Performance

The company has a quick ratio of 0.57, a current ratio of 0.74 and a debt-to-equity ratio of 0.16. The firm has a fifty day simple moving average of $16.87 and a two-hundred day simple moving average of $15.34.

J. Sainsbury Company Profile

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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