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J Sainsbury plc ( (GB:SBRY) ) has issued an announcement.
J Sainsbury plc has executed a share buyback transaction, purchasing 1,060,000 of its ordinary shares at an average price of 282.8761 pence per share. This move is part of the company’s ongoing share buyback program, with the intention to cancel the acquired shares, potentially impacting shareholder value and market perception.
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 stock is bolstered by robust financial performance and strategic initiatives, including significant share buybacks. Its attractive valuation and strong dividend yield further enhance its appeal. However, technical indicators suggest a need for cautious optimism amid supply chain challenges and Argos performance issues.
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 financial services. The company focuses on providing quality products and services to its customers across the UK.
Average Trading Volume: 8,075,783
Technical Sentiment Signal: Strong Buy
Current Market Cap: £6.41B
See more data about SBRY stock on TipRanks’ Stock Analysis page.