Sainsbury: Barclays confirms buy rating
(CercleFinance.com) - Barclays reiterates its 'overweight' recommendation on Sainsbury, as well as its target price of £3.
40, slightly increasing its EPS estimates (+1.1% for 2024-25, and +0.6% for the following two years).
At the end of 2023, we believed that concerns about the prospects for Tesco and Sainsbury were exaggerated, and we are more convinced of this today, the broker says regarding the British food retailer.
In addition, the broker highlights several favourable developments in the sector since the beginning of the year, including the disposal of banking activities by the groups concerned, and growth in retail media.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
40, slightly increasing its EPS estimates (+1.1% for 2024-25, and +0.6% for the following two years).
At the end of 2023, we believed that concerns about the prospects for Tesco and Sainsbury were exaggerated, and we are more convinced of this today, the broker says regarding the British food retailer.
In addition, the broker highlights several favourable developments in the sector since the beginning of the year, including the disposal of banking activities by the groups concerned, and growth in retail media.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.