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SBRY Sainsbury (j) Plc

276.00
1.80 (0.66%)
10 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Sainsbury (j) Plc LSE:SBRY London Ordinary Share GB00B019KW72 ORD 28 4/7P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.80 0.66% 276.00 276.80 277.00 278.40 274.60 274.60 5,831,641 16:35:11
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Grocery Stores 32.7B 137M 0.0581 47.64 6.52B

Sainsbury's May Face Uphill Struggle to Hit Fiscal Year Targets -- Market Talk

07/11/2019 9:16am

Dow Jones News


Sainsbury (j) (LSE:SBRY)
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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.

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