Sainsbury (J)
SBRY: 245.30 -1.55 (▼0.63%)
| Bid Price | 245.40 | High Price | 247.60 |
|---|---|---|---|
| Ask Price | 245.50 | Low Price | 243.92 |
| Open Price | 247.60 | Spread | 0.04% |
| Prev Close | 247.00 | Volume | 1,726,206.00 |
Sainsbury (J) Share Price Chart
Intraday
Historic – 1 year
Sainsbury (J) Share Price Information
| Name | Sainsbury (J) | Epic | SBRY |
|---|---|---|---|
| Sector | Food & Drug Retailers | ISIN | GB00B019KW72 |
| Activites | J Sainsbury plc consists of Sainsbury’s – a chain of 537 supermarkets and 335 convenience stores – and Sainsbury’s Bank. Sainsbury’s Supermarkets is the UK’s longest standing major food retailing chain, having opened its first store in 1869. The Sainsbury’s brand is built upon a heritage of providing customers with healthy, safe, fresh and tasty food. Quality and fair prices go hand-in-hand with a responsible approach to business. Sainsbury’s stores have a particular emphasis on fresh food and we strive to innovate continuously and improve products in line with customer needs. It now serves over 18.5 million customers a week and have a market share of around 16 per cent. Its large stores offer around 30,000 products and it offers complementary non-food products and services in many of our stores. Its TU clothing range is in its fifth year and has 1 million transactions per week. An internet-based home delivery shopping service is also available to nearly 90 per cent of UK households. | Security Type | Equity |
Key numbers
| Latest Share Price (p) | 245.45 | Net Gearing (%) | 55.77 |
|---|---|---|---|
| Market Cap (£m) | 5,322.74 | Gross Gearing (%) | 62.50 |
| Shares in issue (m) | 2,186.83 | Debt Ratio | 37.92 |
| P/E Ratio | 10.18 | Debt-to-Equity Ratio | 0.37 |
| Divs per share (p) | 12.10 | Assets / Equity Ratio | 2.67 |
| Dividend Yield (%) | 4.81 | Price to book value | 0.84 |
| Dividend Cover | 1.95 | SROCE (%) | 5.34 |
| Earning per share (p) | 23.90 | EPS Growth (%) | 374.71 |
| 52-week high / low (p) | 294.40 / 212.00 | DPS Growth (%) | -8.33 |
Sainsbury (J) Broker Views
| Date | Broker | Rec. | Price | Old target price | New target price | Notes |
|---|---|---|---|---|---|---|
| 18 Nov | Macquarie | Neutral | 245.30 | 290.00 | 290.00 | Retains |
| 16 Nov | Barclays Capital | Equal weight | 245.30 | 260.00 | 260.00 | Reiterates |
| 10 Nov | Deutsche Bank | Buy | 245.30 | Reiterates | ||
| 10 Nov | Barclays Capital | Equal weight | 245.30 | 270.00 | 260.00 | Reiterates |
| 09 Nov | Shore Capital | Buy | 245.30 | Reiterates |
Sainsbury (J) Director Deals
| Date | Director | Type | Volume / Price | Trade Value |
|---|---|---|---|---|
| 22 Nov 2016 | Ed Barker | Sell | 21894 @ 237.00p | £51,888.78 |
| 22 Nov 2016 | Ed Barker | Sell | 19490 @ 234.50p | £45,704.05 |
| 22 Nov 2016 | Ed Barker | Transfer In | 41384 @ 0.00p | £0.00 |
| 08 Sep 2016 | John Rogers | Buy | 46 @ 245.00p | £112.70 |
| 11 Aug 2016 | John Rogers | Buy | 50 @ 234.00p | £117.00 |
| 05 Aug 2016 | Matt Brittin | Buy | 13090 @ 228.00p | £29,845.20 |
| 03 Aug 2016 | Brian Cassin | Buy | 25000 @ 222.00p | £55,500.00 |
| 03 Aug 2016 | Lady Susan Rice | Buy | 3000 @ 223.00p | £6,690.00 |
| 29 Jul 2016 | Mary Harris | Buy | 13119 @ 227.00p | £29,780.13 |
| 29 Jul 2016 | David Tyler | Buy | 25000 @ 223.00p | £55,750.00 |
| 14 Jul 2016 | John Rogers | Buy | 49 @ 231.50p | £113.44 |
| 11 Jul 2016 | Mary Harris | Buy | 487 @ 222.21p | £1,082.14 |
| 16 Jun 2016 | John Rogers | Buy | 50 @ 230.20p | £115.10 |
Sainsbury (J) Company News
Broker Forecast – Barclays Capital issues a broker note on Sainsbury (J) PLC
Barclays Capital today reaffirms its equal weight investment rating on Sainsbury (J) PLC (LON:SBRY) and cut its price target to 260p (from 270p).
Story provided by StockMarketWire.com
FTSE remains volatile after Trump victory
In a big political shock, Donald Trump won the US presidency, making the blue chip index very volatile.
The index was last 0.8% higher at 6,901 although it has not remained in positive territory throughout the day.
The dollar weakened against the pound to $1.24.
West Texas Intermediate (WTI) crude oil advanced 1% to $45.45 and Brent crude oil was 0.8% higher at $46.43 per barrel, respectively.
Gold experienced its biggest rally since the Brexit vote and reached 5% after a shift in the lead from Clinton to Trump. Gold traded at a more modest 1% gain to $1,286 per ounce.
Copper jumped 3% to $5,400 per tonne.
The Office for National Statistics revealed that the total trade deficit for goods and series narrowed by £1.6bn to £11bn in the third quarter this year.
WINNERS AND LOSERS FROM THE US ELECTION
Gold miner Centamin (CEY) gained 6.3% and Hikma Pharmaceuticals (HIK) rose 6% to £17.64.
BLUE CHIP RISERS AND FALLERS
Investors were unimpressed by Sainsbury’s (SBRY) latest results after it reported underlying pre-tax profit for the first half down 10.1% year-on-year. The company said it will seek £500m worth of cost savings as it warns of cost inflation. The supermarket traded 6.6% lower at 238.7p.
Shares in credit agency Experian (EXPN) declined 3.3% to £14.67 despite delivering organic revenue growth of 5%, in line with management’s targeted range.
The market was disappointed with luxury outfit Burberry (BRBY) following a 4% fall in pre-tax profit on ebbing demand in key markets such as Hong Kong, although the drop was roughly in line with expectations.
Utility SSE (SSE) failed to spark interest despite in line results and a dividend hike of 1.9%.
SMALL CAP RISERS AND FALLERS
Mosman Oil and Gas (MSMN) entered an agreement with a subsidiary of Cue Energy Resources to acquire an 80% interest in the Pine Mills producing oil field in Texas, US together with the acquisition of Buccaneer Operating. Shares soared 244% to 2.15p.
European regional airline Flybe (FLYB) flew 13% higher on its half year results, which revealed that lower fuel costs helped to offset weaker yields and reduced the total cost per seat by nearly 6%.
Story provided by StockMarketWire.com
FTSE falls on Trump win
In a big political shock, Donald Trump won the US presidency, which caused the FTSE 100 retreat as much as 2% on opening, but the index was now 0.6% lower at 6,802.
Earlier futures markets pointed to a plunge of as much as 4%, so the trading action since suggests investors are starting to digest the shock result.
Trump’s win prompted a slide in the dollar against the pound of 0.4% to $1.24, which hit the companies on the FTSE 100 which derive their revenue in that currency.
West Texas Intermediate (WTI) crude oil fell 0.4% to $44.79 and Brent crude oil retreated to $46 per barrel, respectively.
Gold, which is traditionally seen as a safe haven, gained 1.8% to $1,296 per ounce, while copper was flat at $5,247 per tonne.
WINNERS AND LOSER FROM THE US ELECTION
Pharma stocks and miners of precious metals are traded higher with Hochschild Mining (HOC) up 4% to 275.2p and Centamin (CEY) gaining 7.6% to 166.2p.
Hikma Pharmaceuticals (HIK) rose 7% to £17.78, AstraZeneca (AZN) gained 1.6% to £45.23 and GlaxoSmithKline (GSK) advanced 1.4% to £15.78, as the risk of price controls threatened by a Clinton administration receded.
US focused promotional products provider 4imprint (FOUR) was in negative territory due to its potential exposure to a Trump-inspired downturn across the pond.
BLUE CHIP RISERS AND FALLERS
Investors were unimpressed by Sainsbury’s (SBRY) latest results after it reported underlying pre-tax profit for the first half down 10.1% year-on-year. The company said it will seek £500m worth of cost savings as it warns of cost inflation. The supermarket traded 5.4% lower at 241.6p.
Shares in credit agency Experian (EXPN) declined 4.7% to £14.46 despite delivering organic revenue growth of 5%, in line with management’s targeted range.
The market was disappointed with luxury outfit Burberry (BRBY) following a 4% fall in pre-tax profit on ebbing demand in key markets such as Hong Kong, although the drop was roughly in line with expectations.
Utility SSE (SSE) failed to spark interest despite in line results and a dividend hike of 1.9%.
SMALL CAP RISERS AND FALLERS
Mosman Oil and Gas (MSMN) entered an agreement with a subsidiary of Cue Energy Resources to acquire an 80% interest in the Pine Mills producing oil field in Texas, US together with the acquisition of Buccaneer Operating. Shares soared 128% to 1.42p.
European regional airline Flybe (FLYB) flew 7% higher on its half year results, which revealed that lower fuel costs helped to offset weaker yields and reduced the total cost per seat by nearly 6%.
Story provided by StockMarketWire.com
FTSE down as Trump wins US presidency; gold flies
London stocks opened moderately lower as Donald Trump became US President-elect, sending safe-haven gold higher and a nervous pulse through a market that had generally expected Hillary Clinton to win.
As Trump won the presidency, his Republican party cinched the US Senate and the US house. The win is already being penned as the ‘US Brexit,’ a less-than-subtle nod at UK’s non-binding vote to quit the EU back in June.
Soon after the open, FTSE 100 was down 52.95 points, or 0.77%, to 6790.18, while FTSE 250 fell 86.19, or 0.49%, to 17,361.6. At 8.34am, WTI crude was down 1.18% to $44.45 a barrel, while Brent ebbed 1.09% to $45.54/bbl. Gold surged 1.96% on its safe-haven appeal to $1299.5/oz.
The dollar-spot index was down 0.67% to $97.210.
Experian (EXPN) headed up a lengthy list of blue-chip losers with its slide of 4.35% to 1451p as it booked a statutory H1 pretax profits up 14% to $520m, with revenues virtualy flat.
Sainsburys (SBRY), down 3.91% to 245.5p, hiked its H1 statutory pretax profit 9.7% to £372m, from £339m. Interim dividend was 3.6p a share, from 4.0p. “The market remains competitive and pricing pressures continue to impact margins,” the company said.
Tail-gating was gargantuan grocer Tesco (TSCO), off 3.27% to 194.63p, with more behind. Burberry (BRBY) slid 2.09% to 1450p as its H1 profits slumped and it implemented a turnaround plan to slash costs and revamp its product range. In the financial sphere, insurers and banks all suffered. Prudential (PRU) lost 2.7% to 1316.5p, HSBC (HSBA) fell 2.66% to 603.5p.
Overall, about 83 blue chips retreated, with roughly 64 flopping by more than 1%. Among their number were investment specialists, house builders, utilities, leisure and oil majors, among multiple other sectors. SSE (SSE), down 1.33% to 1556p, saw its adjusted pretax profit decline, but hiked its interim dividend.
To the upside, miners were flavour of the day. Gold specialists Fresnillo (FRES), up 8.94% to 1743p, and Randgold (RRS), up 4.94% to 7110p, benefited as the price of gold rose. Several pharmas made heady gains, too.
Rio Tinto (RIO), up 0.51% to 2886.75p, contacts regulatory authorities in the US and UK over the discovery of contractual payments totalling $10.5m to a consultant providing “advisory services” on the Simandou project in Guinea.
LONDON HIGHLIGHTS
Flybe (FLYB), down 8.91% to 31.88p, has posted adjusted pre-tax profits of £15.9m for the six months to the end of September – down from £21.1m last time – but says it has completed the transformation programme which began three years ago.
Lansdowne Oil & Gas (LOGP), down 4.65% to 1.03p, said it was disappointed the Supreme Court has refused to allow Providence Resources’ (PVR) application to appeal the Court of Appeal decision handed down on 13 April which pertains to prior litigation between Providence and Transocean Drilling UK, a subsidiary of Transocean Ltd.
Karelian Diamond Resources (KDR), up 4.55% to 0.58p, has confirmed a new kimberlite boulder discovery 2.5km south-west of the Lahtojoki diamond deposit with a further six kimberlite boulders found 500m from the first discovery.
Clipper Logistics (CLG), down 3.69% to 326.5p, said H1 trading is in line with the board’s expectations, with growth in revenue, operating profit and net earnings. Esure Group (ESUR), down 1.05% to 188p, reports continued strong growth in the nine months to the end of September and says it remains on track for the full year.
Horizon Discovery (HZD), down 1.91% to 128.5p, has entered into an original equipment manufacturer (OEM) agreement with CareDx, a molecular diagnostics company focused on the discovery, development and commercialisation of clinically differentiated, high-value, diagnostic surveillance solutions for transplant patients.
Taptica (TAP), up 1.69% to 150p, said, based on current run rate, that it expects adjusted EBITDA for FY 2016 to be significantly higher than market expectations at about $22.5m, up more than 200% on the year. It also expected to report FY 2016 revenues ahead of market expectations at about $120m, up 55% on the year.
Wizz Air (WIZZ), down 1.04% to 1563.5p, has posted a record H1 profit of €262.5m, up 37.5% from €190.9m. Revenue was €921.2m, up 10.1% from €836.4m. During the half it carried 12.5m passengers, up 17.4% from 10.65m.
Other stocks in the news included Stellar Diamonds (STEL), Synthomer (SYNT), Scisys (SSY), Gulfsands Petroleum (GPX), The Renewables Infrastructure Group (TRIG), ECR Minerals (ECR) and Arrow Global (ARW).
Story provided by StockMarketWire.com
Sainsbury’s lifts profit
Sainsbury’s has hiked its H1 statutory pretax profit by 9.7% to £372m, from £339m a year ago. Interim dividend was 3.6p a share, from 4p.
“The market remains competitive and pricing pressures continue to impact margins” the company said in a forward-looking statement.
“The full impact of the devaluation of sterling on retail prices is as yet uncertain. However, we are well placed to navigate the external environment and remain focussed on delivering our strategy.”
Underlying group sales, including VAT, rose 2.1% to £13.9bn, from £13.6bn.
“Sainsbury’s-only like-for-like sales, including VAT but excluding fuel, were down 1%.
“Two years ago we set out our strategy to make our customers’ lives easier, offering great quality and service at fair prices, serving our customers whenever and wherever they want,” said CEO Mike Coupe.
“We have made good progress delivering this in challenging market conditions,” he said in a statement.
“We have invested in the quality of our products while reducing prices on everyday items, delivering volume growth and outperforming the market in customer service and availability.
“To meet growing demand for home delivery groceries in London, we opened a new online fulfilment centre.
“By Christmas we will open 30 Argos digital stores and create a further 30 Argos digital collection points in our supermarkets.
“These will form part of a rollout of 200 new digital collection points where customers can collect Tu clothing, eBay and DPD parcels.
“We achieved like-for-like transaction growth across all our channels and remain on track to deliver our three-year £500 million cost saving programme by the end of 2017/18.
“We will also deliver £500 million of cost savings over three years from 2018/19.
“We continue to benefit from a strong balance sheet, with net debt reduced by £485 million from March 2016 to £1.3 billion and we are committed to paying an affordable dividend, fixed at two times cover for the full year.
“Consistent with our policy to pay an interim dividend of 30 per cent of the previous full year dividend, our interim dividend will be 3.6 pence per share.” Story provided by StockMarketWire.com
