tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Sainsbury’s Continues Buyback with Cancellation of 445,340 Shares

Story Highlights
  • J Sainsbury repurchased 445,340 ordinary shares as part of its ongoing buyback programme.
  • The company will cancel the shares, reducing share count and potentially enhancing shareholder value.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Sainsbury’s Continues Buyback with Cancellation of 445,340 Shares

Claim 70% Off TipRanks Premium

J Sainsbury plc ( (GB:SBRY) ) just unveiled an update.

J Sainsbury plc has continued its share buyback activity, repurchasing 445,340 ordinary shares on 7 January 2026 through its broker BNP Paribas at a volume-weighted average price of 336.8077 pence per share. The purchases are part of the company’s previously announced buyback programme, and the retailer intends to cancel the repurchased shares, a move that will reduce the total number of shares in issue and is likely to enhance earnings per share and support 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 supermarket and grocery retailers, operating a nationwide chain of stores offering food, general merchandise and related services to consumers across the UK market.

Average Trading Volume: 7,221,883

Technical Sentiment Signal: Strong Buy

Current Market Cap: £7.42B

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