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Pin to quick picksSainsbury's Share News (SBRY)

Share Price Information for Sainsbury's (SBRY)

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Share Price: 277.20
Bid: 279.00
Ask: 279.20
Change: -0.20 (-0.07%)
Spread: 0.20 (0.072%)
Open: 275.80
High: 279.80
Low: 274.80
Prev. Close: 277.40
SBRY Live PriceLast checked at -

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LONDON BROKER RATINGS: Sainsbury's, Petershill Partners upped to 'buy'

Wed, 27th Mar 2024 09:40

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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FTSE 100

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Berenberg raises Vodafone price target to 78 (75) pence - 'hold'

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Berenberg cuts Rio Tinto price target to 5,900 (6,200) pence - 'buy'

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Berenberg raises Fresnillo price target to 480 (430) pence - 'hold'

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Barclays raises Standard Chartered target to 750 (650) pence - 'equal weight'

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Barclays cuts HSBC to 'equal weight' - price target 740 pence

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UBS raises Sainsbury's to 'buy' (neutral) - price target 295 (275) pence

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JPMorgan places IAG on 'positive catalyst watch' ahead of Q1 results

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RBC cuts Ocado price target to 420 (500) pence - 'underperform'

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Jefferies cuts Kingfisher price target to 205 (210) pence - 'hold'

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JPMorgan cuts Burberry price target to 1,150 (1,300) pence - 'neutral'

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Jefferies cuts Burberry price target to 1,200 (1,300) pence - 'hold'

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FTSE 250

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Citigroup raises Softcat price target to 1,750 (1,600) pence - 'buy'

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Berenberg raises Hochschild Mining price target to 170 (150) pence - 'buy'

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Berenberg raises Centamin price target to 150 (130) pence - 'buy'

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RBC cuts Dr Martens price target to 85 (100) pence - 'sector perform'

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Jefferies raises Just Group price target to 130 (115) pence - 'buy'

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Numis raises Petershill Partners to 'buy' (add) - price target 240 (200) pence

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SMALL CAP

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Berenberg cuts Pollen Street price target to 900 (1,070) pence - 'buy'

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RBC raises Ecora Resources price target to 150 (130) pence - 'outperform'

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Goldman Sachs cuts Asos price target to 320 (350) pence - 'sell'

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Berenberg raises Wheaton Precious Metals target to 4,300 (4,100) pence - 'buy'

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Berenberg cuts Sovereign Metals price target to 39 (42) pence - 'buy'

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Berenberg raises Resolute Mining price target to 30 (27) pence - 'buy'

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Berenberg raises Pan African Resources price target to 28 (25) pence - 'buy'

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Berenberg raises Kenmare Resources price target to 440 (430) pence - 'hold'

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Berenberg raises Griffin Mining price target to 140 (130) pence - 'buy'

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Berenberg cuts BHP Group price target to 2,100 (2,200) pence - 'hold'

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Berenberg raises Atalaya Mining price target to 410 (340) pence - 'hold'

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Berenberg raises Adriatic Metals price target to 250 (240) pence - 'buy'

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Barclays cuts Fevertree Drinks target to 1,300 (1,380) pence - 'equal weight'

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Jefferies raises Fevertree Drinks price target to 1,150 (1,050) pence - 'hold'

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JPMorgan raises 888 Holdings price target to 120 (97) pence - 'neutral'

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Jefferies raises Paypoint price target to 680 (675) pence - 'buy'

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Jefferies cuts Life Science REIT to 'hold' (buy) - price target 45 (90) pence

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Comments and questions to newsroom@alliancenews.com

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J Sainsbury PLC - London-based supermarket chain - Begins share buyback programme of up to GBP200 million to be completed by the end of its financial year on March 1, 2025. Says the first tranche will be for a maximum of GBP150 million in shares, ending on or before November 1. Sainsbury's confirmed on Thursday it would begin the programme, first announced in February, when it announced its annual results. Revenue rose 3.8% to GBP32.70 billion in the financial year that ended March 2 from GBP35.16 billion in financial 2023. The increase in revenue was offset by cost of sales rising 3.1% to GBP30.3 million from GBP29.4 million and administrative expenses rising 27% to GBP1.9 million from GBP1.5 million. Pretax profit fell by 15% to GBP277 million from GBP327 million. Despite the falling bottom-line, Sainsbury's declared a final dividend of 9.2 pence, taking its full-year total dividend to an unchanged 13.1p compared to a year earlier.

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