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Sainsbury’s Buys Back and Cancels 447,300 Shares Under Ongoing Programme

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Sainsbury’s Buys Back and Cancels 447,300 Shares Under Ongoing Programme

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An announcement from J Sainsbury plc ( (GB:SBRY) ) is now available.

J Sainsbury plc has repurchased 447,300 of its ordinary shares on 6 January 2026 through its broker BNP Paribas SA, paying between 327.6p and 338.0p per share at a volume‑weighted average price of 335.2953p as part of its existing share buyback programme. The company intends to cancel the repurchased shares, a move that will reduce its share count and may enhance earnings per share and capital returns for investors, underlining management’s ongoing use of buybacks as a tool for capital allocation and shareholder value enhancement.

The most recent analyst rating on (GB:SBRY) stock is a Hold with a £330.00 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 leading grocery and general merchandise retailers, operating supermarkets and convenience stores alongside online channels, and serving a broad mass‑market customer base in food, household goods and related services.

Average Trading Volume: 7,581,628

Technical Sentiment Signal: Strong Buy

Current Market Cap: £7.32B

See more insights into SBRY stock on TipRanks’ Stock Analysis page.

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