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Sainsbury’s Buys Back and Cancels 635,800 Shares Under Ongoing Programme

Story Highlights
  • Sainsbury’s repurchased 635,800 shares on 15 January 2026 under its ongoing buyback programme.
  • The company will cancel these shares, reducing share count and potentially boosting earnings per share.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Sainsbury’s Buys Back and Cancels 635,800 Shares Under Ongoing Programme

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

J Sainsbury plc has bought back 635,800 of its ordinary shares on 15 January 2026 through BNP Paribas, paying between 310.0p and 317.2p per share at a volume-weighted average price of 314.5262p, as part of its previously announced share buyback programme. The company intends to cancel the repurchased shares, a move that will reduce the overall share count and can enhance earnings per share and capital returns for investors, underlining management’s continued commitment to shareholder value.

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 grocery and general merchandise retailers, operating supermarkets and convenience stores alongside complementary businesses such as financial services and online shopping, with a primary focus on the domestic consumer market.

Average Trading Volume: 7,909,486

Technical Sentiment Signal: Buy

Current Market Cap: £6.93B

For an in-depth examination of SBRY stock, go to TipRanks’ Overview page.

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