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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.18 | 1.38% | 13.19 | 13.14 | 13.55 | 13.19 | 13.00 | 13.01 | 39,475 | 18:16:00 |
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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