J Sainsbury (OTCMKTS:JSAIY) Upgraded at Royal Bank of Canada

Royal Bank of Canada upgraded shares of J Sainsbury (OTCMKTS:JSAIY) to a moderate buy rating in a research note published on Tuesday,Zacks.com reports.

Several other equities research analysts also recently commented on JSAIY. Barclays raised J Sainsbury to a “strong-buy” rating in a report on Monday, September 16th. BNP Paribas upgraded shares of J Sainsbury to a “strong-buy” rating in a research note on Friday, October 18th. Finally, UBS Group upgraded shares of J Sainsbury to a “strong-buy” rating in a research note on Monday, September 16th.

J Sainsbury Stock Up 0.6 %

Shares of JSAIY opened at $12.91 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.66 and a quick ratio of 0.49. The business’s 50 day moving average price is $14.64 and its 200-day moving average price is $14.37. J Sainsbury has a 52 week low of $12.09 and a 52 week high of $16.43.

J Sainsbury Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, November 18th will be issued a $0.2025 dividend. The ex-dividend date of this dividend is Monday, November 18th.

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.