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Pin to quick picksSainsbury's Share News (SBRY)

Share Price Information for Sainsbury's (SBRY)

London Stock Exchange
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Share Price: 259.60
Bid: 260.60
Ask: 260.80
Change: -1.20 (-0.46%)
Spread: 0.20 (0.077%)
Open: 260.60
High: 263.20
Low: 259.60
Prev. Close: 259.60
SBRY Live PriceLast checked at -

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ShoreCap says Sainsbury valuation multiples 'undemanding'

Wed, 28th Jun 2023 13:39

(Sharecast News) - ShoreCap analysts labelled Sainsbury's current valuation "undemanding", going on to add that its 5% dividend yield was "attractive".

In a preview of the grocer's first quarter results due out during the following week, they also said they would be surprised if Sainsbury were to adjust its guidance for full-year post tax profits of £640m-£700m.

Underlying its estimates, ShoreCap said it was assuming a "broadly flat" Grocery contribution year-on-year with General Merchandise expected to account for the 'delta' due to tough comparatives.

The broker's own estimates for post tax profits of £660m, which would be down from £690m during the previous year.

ShoreCap was the house broker for Sainsbury.

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12 Jan 2024 00:01

UK supermarket Sainsbury's launches EV charging business

LONDON, Jan 12 (Reuters) - British supermarket group Sainsbury's has launched an electric vehicle (EV) charging business, targeting over 750 ultra-rapid charging bays in over 100 store car parks by the end of 2024.

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11 Jan 2024 12:02

Partying Britons boost Tesco and M&S at Christmas but cautious for new year

LONDON, Jan 11 (Reuters) - Britons splashed out on premium and party food at Tesco and Marks & Spencer over Christmas, prioritising treats at home over eating out, and favouring the biggest retailers for their festive spending in still tough economic conditions.

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11 Jan 2024 09:44

Tesco raises profit outlook again after strong Christmas sales

6 weeks to Jan 6 UK like-for-like sales up 6.8%

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11 Jan 2024 09:39

Sterling gains vs dollar ahead of US inflation data

LONDON, Jan 11 (Reuters) - The British pound edged up against the dollar on Thursday ahead of U.S. data that could reinforce the expectation that the Federal Reserve will soon start cutting interest rates, thereby giving sterling a greater competitive edge.

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11 Jan 2024 09:24

LONDON BROKER RATINGS: BoA cuts Diageo; RBC likes Antofagasta

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

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10 Jan 2024 17:23

UK's FTSE 100 slips as Sainsbury's, insurers weigh

Sainsbury's retains profit forecast; shares drop

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10 Jan 2024 16:51

LONDON MARKET CLOSE: Tepid trade as investors await US inflation data

(Alliance News) - London's FTSE 100 ended lower on Wednesday, as its difficult start to the year continues, as investors have one eye on Thursday's US inflation data.

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10 Jan 2024 15:23

London close: Stocks slip as investors brace for US inflation

(Sharecast News) - London stocks closed with losses on Wednesday, influenced by a pessimistic growth outlook from the World Bank and investors' attention to upcoming US inflation data.

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10 Jan 2024 12:07

Sainsbury's bumper Christmas for food offset by weakness elsewhere

Q3 underlying sales up 7.4%

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10 Jan 2024 12:00

LONDON MARKET MIDDAY: FTSE 100 falls as investors await rates clarity

(Alliance News) - Blue-chip European shares were lower early Wednesday afternoon, with the mood in equity markets uncertain ahead of Thursday's key US inflation report.

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10 Jan 2024 11:16

UK's Sainsbury's in contact with government over Red Sea disruption

LONDON, Jan 10 (Reuters) - Sainsbury's is in regular contact with the UK government about the disruption to shipping in the Red Sea, the supermarket group said on Wednesday, in a sign of the nervousness of major importers about securing supplies.

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10 Jan 2024 08:49

LONDON MARKET OPEN: Grocers weigh on FTSE as Sainsbury's disappoints

(Alliance News) - Stock prices in London opened mixed on Wednesday, as investors remained cautious ahead of US inflation data, and rising geopolitical tensions.

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10 Jan 2024 08:48

TOP NEWS: Sainsbury's shares slip despite celebrating Christmas trade

(Alliance News) - J Sainsbury PLC on Wednesday said it continued to outperform the wider UK grocery market over the festive period.

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10 Jan 2024 07:40

LONDON BRIEFING: Sainsbury's grocery sales drive festive growth

(Alliance News) - Stocks are expected to retreat at Wednesday's market open in London, with investors hesitant to take risks ahead of key market catalysts later this week.

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