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| Name | Symbol | Market | Type |
|---|---|---|---|
| J Sainsbury Plc (QX) | USOTC:JSAIY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.1324 | 1.07% | 12.488 | 12.33 | 12.58 | 12.52 | 12.295 | 12.295 | 31,613 | 20:01:16 |
From Mar 2020 to Mar 2025
J. Sainsbury may face a tough task to hit full-year earnings targets, Jefferies says, after the U.K. grocer reported a GBP41 million fall in underlying profit to GBP238 million. Jefferies says Sainsbury's interim results were always going to be uneventful given the company's first-half guidance. Sainsbury's ability to convince investors that it can achieve a 60/70 basis-point swing in 2H margin to hit its re-confirmed full-year pretax profit target of GBP632 million will be more critical, the brokerage says. "The change in direction may prove a tall order, absent a potential inflection in U.K. trading conditions," Jefferies analysts say. "We would rather own Tesco and Morrisons." Shares rise 1.75%. (philip.waller@wsj.com)
(END) Dow Jones Newswires
November 07, 2019 04:01 ET (09:01 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
1 Year J Sainsbury (QX) Chart |
1 Month J Sainsbury (QX) Chart |
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