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J Sainsbury plc
SBRY.UK
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RBC Capital Remains a Buy on J Sainsbury plc (SBRY)

RBC Capital has maintained a Buy rating on J Sainsbury plc (SBRY) with a price target of p380.00, according to analyst Manjari Dhar. Dhar, who covers the Consumer Cyclical sector, has an average return of 1.7% and a 55.48% success rate on recommended stocks. Additionally, J.P. Morgan also issued a Buy rating for Sainsbury, while Citi maintained a Hold rating on the same day.

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J.P. Morgan Sticks to Its Buy Rating for J Sainsbury plc (SBRY)

J.P. Morgan has maintained its Buy rating for J Sainsbury plc (SBRY) with a price target of p355.00. Analyst Borja Olcese, a 4-star analyst with a 62.62% success rate, covers the Consumer Defensive sector. The consensus for J Sainsbury plc is a Moderate Buy, with a price target consensus of p344.14.

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UK's Sainsbury's rises after ending Argos sale talks with JD.com

** Sainsbury's gains 3.1% to 316.8p; top pct gainer on FTSE 100 index CURRENCYCOM:UK100** Stock hits more than four-year high** On Sunday, supermarket chain said it had ended talks with JD.com for sale of its Argos general merchandise retailer** Says, "JD.com has communicated that it would now only be prepared to engage on a materially revised set of terms and commitments, which are not in the best interests of Sainsbury's shareholders, colleagues and broader stakeholders"** SBRY rises ~15% YTD

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Sainsbury’s job cuts: what investors should know about SBRY stock’s outlook

Sainsbury's plans to cut 3,000 jobs as part of a cost-saving initiative amid rising labor costs and economic challenges. The cuts will mainly affect hot food counters and cafes, with a reduction of senior management roles by 20%. The company aims to save £1 billion and has acknowledged the need for efficiency. Despite a recent sales increase, Sainsbury's share price has fallen, prompting Morgan Stanley to downgrade its stock rating. The retailer expects operating profit growth and maintains a positive cash flow outlook.

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