tiprankstipranks

J Sainsbury plc Advances Share Buyback Program with Recent Purchase

Story Highlights
J Sainsbury plc Advances Share Buyback Program with Recent Purchase

Confident Investing Starts Here:

The latest announcement is out from J Sainsbury plc ( (GB:SBRY) ).

J Sainsbury plc has announced the purchase of 1,053,000 of its ordinary shares as part of its ongoing share buyback program. The shares were bought from BNP Paribas SA at a volume-weighted average price of 284.7128 pence per share, and the company plans to cancel these shares, potentially impacting its share value and market capitalization.

The most recent analyst rating on (GB:SBRY) stock is a Buy with a £3.40 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 strong technical indicators and strategic corporate actions significantly enhance its stock appeal. While financial performance is solid, there is room for improvement in profitability metrics. The earnings call provided a positive outlook despite some operational challenges.

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

More about J Sainsbury plc

J Sainsbury plc is a prominent player in the retail industry, primarily offering groceries, general merchandise, and clothing. The company focuses on providing quality products and services to its customers across the UK market.

Average Trading Volume: 9,114,680

Technical Sentiment Signal: Strong Buy

Current Market Cap: £6.58B

For a thorough assessment of SBRY stock, go to TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report 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