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Prices & Quotes - UK Markets - Sainsbury (J) (SBRY)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 245.60p
Change Today:
0.90p
Market Cap:
5,486m
Sector:
Food & Drug Retailers

Credit Suisse upgrades Tesco, downgrades Sainsbury's

By Michele Maatouk

Date: Wednesday 24 Feb 2021

LONDON (ShareCast) - (Sharecast News) - Credit Suisse switched its preference from Sainsbury's to Tesco on Wednesday as it took a look at the UK food retail sector.
The bank said it was revisiting three "key disruptive forces": the shift to online; food delivery; and the discounters.

"We believe the market is far more aware of the risks derived from lockdowns, but giving zero value to Tesco's online sales growth and extra sales and operating leverage," it said.

CS lifted Tesco to 'outperform' from 'neutral', arguing that its recent underperformance creates an attractive entry point.

The bank said Tesco has turned "value-accretive" and it expects it to remain so.

"We highlight that a business with 81% growth, 6bn sales and a 1.2% post-cannibalisation EBIT margin deserves a more than 1bn valuation on even conservative online metrics, while the market has, in our view, assigned zero value to ongoing online success.

"We believe an unimpressive set of FY results (due on 14 April) is already reflected in current valuations, while upside into next year is not."

Meanwhile, CS downgraded Sainsbury's to 'neutral' as it said internal improvements appear largely priced in.

At 1055 GMT, Tesco shares were up 1.3% at 227.30p, while Sainsbury's shares were down 1.2% at 226.40p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Sainsbury (J) Market Data

Currency UK Pounds
Price 245.60p
Change Today 0.90p
52 Week High 252.90p
52 Week Low 179.15p
Volume 3,615,364
Shares Issued 2,233.53m
Market Cap 5,486m
Beta 0.00

Performance Indicators

Compare performance with the sector and the market.

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Income
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Growth
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Dividend Yield
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Operating Margin
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What The Brokers Say

Strong Buy 5
Buy 0
Neutral 8
Sell 1
Strong Sell 1
Total 15
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Sainsbury (J) Dividends

  Latest Previous
  Special Interim
Ex-Div 12-Nov-20 12-Nov-20
Paid 18-Dec-20 18-Dec-20
Amount 7.30p 3.20p

Trades for 09-Apr-2021

Time Volume / Share Price
16:38 6,606 @ 245.60p
16:35 1,820,834 @ 245.60p
16:29 244 @ 245.90p
16:29 3,873 @ 245.90p
16:29 1,200 @ 245.90p

Sainsbury (J) Key Personnel

CFO Kevin O'Byrne
Chair Martin Scicluna
CEO Simon Roberts