J. Sainsbury (OTCMKTS:JSAIY) Shares Gap Down – Should You Sell?
by Michael Walen · The Markets DailyShares of J. Sainsbury PLC (OTCMKTS:JSAIY – Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $18.41, but opened at $17.03. J. Sainsbury shares last traded at $17.03, with a volume of 870 shares traded.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on JSAIY shares. Kepler Capital Markets upgraded shares of J. Sainsbury from a “strong sell” rating to a “hold” rating in a report on Thursday, December 11th. Jefferies Financial Group reaffirmed a “hold” rating on shares of J. Sainsbury in a report on Sunday, December 14th. Citigroup raised J. Sainsbury from a “hold” rating to a “buy” rating in a research note on Thursday, December 11th. Deutsche Bank Aktiengesellschaft raised J. Sainsbury to a “buy” rating in a research note on Wednesday, December 10th. Finally, Zacks Research raised J. Sainsbury from a “strong sell” rating to a “hold” rating in a report on Thursday, January 1st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, J. Sainsbury presently has a consensus rating of “Moderate Buy”.
View Our Latest Analysis on J. Sainsbury
J. Sainsbury Stock Performance
The company has a 50 day simple moving average of $17.69 and a two-hundred day simple moving average of $17.25.
About J. Sainsbury
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.