tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

J Sainsbury Continues Share Buyback with Cancellation of 646,700 Shares

Story Highlights
  • J Sainsbury repurchased 646,700 ordinary shares on 13 January 2026 under its ongoing buyback programme.
  • The company will cancel the shares, reducing share count and reinforcing its capital return strategy and investor confidence.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
J Sainsbury Continues Share Buyback with Cancellation of 646,700 Shares

Claim 70% Off TipRanks Premium

J Sainsbury plc ( (GB:SBRY) ) has issued an update.

J Sainsbury plc has repurchased 646,700 of its ordinary shares on 13 January 2026 as part of its ongoing share buyback programme, paying a volume-weighted average price of 309.2453 pence per share within a trading range of 307.2 to 311.4 pence. The company intends to cancel the repurchased shares, a move that will reduce the number of shares in issue and can enhance earnings per share, underlining Sainsbury’s continued execution of its previously announced capital return strategy and signalling sustained confidence in its balance sheet and future cash generation to shareholders.

The most recent analyst rating on (GB:SBRY) stock is a Buy with a £3.60 price target. To see the full list of analyst forecasts on J Sainsbury plc stock, see the GB:SBRY Stock Forecast page.

Spark’s Take on GB:SBRY Stock

According to Spark, TipRanks’ AI Analyst, GB:SBRY is a Outperform.

J Sainsbury plc’s overall stock score reflects solid financial performance and strategic initiatives that enhance shareholder value. However, technical indicators suggest caution, and valuation metrics indicate potential overvaluation. The company’s strong earnings call and active share buyback program are positive factors, but regulatory costs and market challenges remain concerns.

To see Spark’s full report on GB:SBRY stock, click here.

More about J Sainsbury plc

J Sainsbury plc is one of the UK’s largest supermarket chains, operating in the food retail sector with a broad offering of groceries and general merchandise through its stores and online channels. The group competes in a mature and highly competitive UK retail market, where capital allocation decisions such as dividends and share buybacks are closely watched by investors as indicators of financial strength and management confidence.

Average Trading Volume: 7,644,214

Technical Sentiment Signal: Buy

Current Market Cap: £6.95B

See more data about SBRY stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1