J. Sainsbury (OTCMKTS:JSAIY) Sees Unusually-High Trading Volume – Time to Buy?
by Renee Jackson · The Cerbat GemJ. Sainsbury PLC (OTCMKTS:JSAIY – Get Free Report) shares saw unusually-strong trading volume on Thursday . Approximately 25,308 shares traded hands during mid-day trading, an increase of 37% from the previous session’s volume of 18,501 shares.The stock last traded at $17.96 and had previously closed at $18.41.
Analysts Set New Price Targets
A number of analysts have recently issued reports on JSAIY shares. Kepler Capital Markets upgraded shares of J. Sainsbury from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 11th. Citigroup raised shares of J. Sainsbury from a “hold” rating to a “buy” rating in a report on Thursday, December 11th. Jefferies Financial Group restated a “hold” rating on shares of J. Sainsbury in a report on Sunday, December 14th. Zacks Research raised J. Sainsbury from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 1st. Finally, Deutsche Bank Aktiengesellschaft upgraded J. Sainsbury to a “buy” rating in a research note on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, J. Sainsbury currently has an average rating of “Moderate Buy”.
View Our Latest Research Report on JSAIY
J. Sainsbury Price Performance
The business’s 50-day moving average price is $17.66 and its two-hundred day moving average price is $17.25.
J. Sainsbury Company Profile
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.