J. Sainsbury (OTCMKTS:JSAIY) Upgraded by Zacks Research to Strong-Buy Rating

Key Points

• Zacks Research upgraded J. Sainsbury from a "hold" rating to a "strong-buy" rating, highlighting increased confidence in the stock's performance.
• In contrast, Jefferies Financial Group downgraded J. Sainsbury from "buy" to "hold," resulting in a mixed consensus rating of "Moderate Buy" from analysts.
• The current stock price of J. Sainsbury is $17.78, with a recent decline of 1.0% in shares, and has fluctuated between a 52-week low of $11.68 and a high of $18.27.

J. Sainsbury (OTCMKTS:JSAIY - Get Free Report) was upgraded by equities researchers at Zacks Research from a "hold" rating to a "strong-buy" rating in a research note issued on Wednesday,Zacks.com reports.

Separately, Jefferies Financial Group downgraded J. Sainsbury from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Two analysts have rated the stock with a Strong Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, J. Sainsbury currently has a consensus rating of "Moderate Buy".

J. Sainsbury Stock Down 1.0%

Shares of JSAIY stock opened at $17.78 on Wednesday. The business has a 50 day moving average of $16.57 and a two-hundred day moving average of $15.09. J. Sainsbury has a 52 week low of $11.68 and a 52 week high of $18.27. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.57 and a current ratio of 0.74.

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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