J Sainsbury Stock News

Citi has taken a slightly negative view of Tesco PLC (LSE:TSCO) and J Sainsbury PLC (LSE:SBRY) after Morrisons' latest quarterly results, warning of intensifying competition among the big supermarkets. Morrisons, the privately owned grocer, reported like-for-like sales up 3.2% in the 13 weeks to 26 July, a measure that strips out the effect of new store space.

Shares in J Sainsbury PLC (LSE:SBRY) and Tesco PLC (LSE:TSCO) nudged lower in morning trading after figures showed the heatwave continued to weigh on shopper numbers in July. Total UK footfall fell 2.1% on a year earlier, according to data from the British Retail Consortium (BRC) and Sensormatic, which tracks visitor numbers to retail locations.

Deutsche Bank has raised its price target on J Sainsbury PLC (LSE:SBRY) by 8% to 390p, arguing that a supermarket without Argos deserves a higher rating than one carrying it. Analyst Benjamin Yokyong-Zoega lifted earnings per share forecasts by around 2% for the 2028 and 2029 financial years following Friday's announcement that the group is selling the general merchandise chain.

J Sainsbury Plc's (LSE:SBRY) sale of Argos should prove slightly earnings-accretive while removing a longstanding source of uncertainty for investors, that's according to Shore Capital. The UK stockbroker broker, in a note, described the disposal to newly formed company Swift as a “particularly good outcome” for shareholders, allowing Sainsbury's to concentrate more fully on its core grocery op...

J Sainsbury PLC (LSE:SBRY) has agreed to sell Argos to Swift Partners for cash proceeds of at least £120 million, allowing the retailer to focus on its core food business and Next Level Strategy. Swift Partners is a newly established company backed by Richard Pennycook, Trevor Strain, Matt Truman and True Capital.

J Sainsbury PLC (LSE:SBRY) is likely to lose out from Tesco PLC's (LSE:TSCO) signing up for Uber Eats and Deliveroo deliveries, according to an analysis by Citi. Britain's largest supermarket announced on July 21 that it would launch on both delivery platforms later this summer.

J Sainsbury PLC (LSE:SBRY) is well placed to outperform the wider supermarket sector, according to RBC Capital Markets, after recent numbers showed how it is winning market share in groceries and early signs of a recovery at Argos. Following meetings with management after last week's first-quarter results, the broker said the UK's second-largest grocer was benefiting from improvements in pricin...

J Sainsbury PLC's (LSE:SBRY) first-quarter update gave analysts enough evidence to stick with buy ratings, as grocery sales beat forecasts and Argos traded better than expected. The supermarket group reported retail like-for-like sales growth of 2.1%, excluding fuel, ahead of the City consensus forecast of 1.9%.