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Home / Stocks and Markets at Lows / J Sainsbury (SBRY.L) 22-01-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

J Sainsbury (SBRY.L) 22-01-20

J Sainsbury (SBRY.L) has fallen dramatically from recent highs of 235.8p. Will it continue, or is this an opportunity to pick up a bargain?

 

  • Now trading at 207.48p (at time of writing). A return to previous highs would represent a rise of 13%.
  • This stock is one of the most significant fallers in the period.
  • Is the trend your friend, or is a bounce imminent?
  • The market often over-reacts to bad news. Investors should consider whether it is down for good reason, or is this another over-reaction?
  • Investors seeking a bargain should be mindful of fundamentals and events, which can influence price action. Check our website and news outlets for updates.
  • Shares -29% from 12-month highs; +17% from 12 month lows.

Latest News

07:09:  Sainsbury’s announced that it had appointed Simon Roberts as its new CEO.

17 Jan:  Kepler Cheuvreux has upgraded its rating on Sainsbury (J) (SBRY) to buy (from hold) and increased the target price to 263.60p (from 217p).

08 Jan:  J Sainsbury posted a 0.7% fall in sales during the Christmas period on a like for like basis. Total sales were down by 0.7% in the 15 weeks to 4 January 2020.

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

Click to enlarge

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