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J. Sainsbury (OTCMKTS:JSAIY) Sets New 52-Week High - Still a Buy?

J. Sainsbury logo with Retail/Wholesale background

Key Points

  • J. Sainsbury PLC reached a new 52-week high, trading at $18.49, with a volume of 9,076 shares.
  • Zacks Research has upgraded J. Sainsbury from a "hold" rating to a "strong-buy" rating, reflecting growing confidence among analysts.
  • The company has a solid debt-to-equity ratio of 0.16, alongside a quick ratio of 0.57, indicating good financial health.
  • Five stocks we like better than J. Sainsbury.

J. Sainsbury PLC (OTCMKTS:JSAIY - Get Free Report)'s share price reached a new 52-week high on Thursday . The stock traded as high as $18.49 and last traded at $18.49, with a volume of 9076 shares trading hands. The stock had previously closed at $18.39.

Wall Street Analyst Weigh In

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

Read Our Latest Research Report on JSAIY

J. Sainsbury Stock Up 0.2%

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 company's 50 day moving average is $17.28 and its 200 day moving average is $15.79.

J. Sainsbury Company Profile

(Get Free Report)

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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