J. Sainsbury PLC (JSAIY) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Individual in ...

Marks and Spencer (LON: MKS) and Sainsbury (LON: SBRY) share prices popped sharply on Wednesday. MKS jumped by 1.65% and moved to 260p while Sainsbury soared by 2% to 270p.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.The main reason why the two companies jumped was because of the positive outlook of the UK retail sector. In a statement, Tesco, the biggest grocery chain in the country, said that its business was doing well and that inflation was eas ...

Here are two stocks with buy rank and strong value characteristics for investors to consider today, April 9:J Sainsbury plc (JSAIY) : This diversified retail company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.9% over the last 60 days.J Sainsbury plc has a price-to-earnings ratio (P/E) of 12.45 compared with 12.90 for the industry. The company possesses a Value Scoreof A.Telenor ASA (TELNY) : This telecommunication company carries a Zack ...

Here are three stocks with buy rank and strong income characteristics for investors to consider today, April 9:Telenor ASA (TELNY) : This telecommunication company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 98.6% the last 60 days.This Zacks Rank #1 company has a dividend yield of 5.4%, compared with the industry average of 0.5%.J Sainsbury plc (JSAIY) : This diversified retail company has witnessed the Zacks Consensus Estimate for its current year earnings increasing ...

Here are three stocks with buy rank and strong income characteristics for investors to consider today, March 6:Northrim BanCorp, Inc. (NRIM) : This bank holding company for Northrim Bank has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.8% the last 60 days.This Zacks Rank #1 company has a dividend yield of 4.9%, compared with the industry average of 3.3%.Reynolds Consumer Products Inc. (REYN) : This kitchenware and home products company has witnessed the Zacks Consensus E ...

Here are three stocks with buy rank and strong value characteristics for investors to consider today, March 6:Stifel Financial Corp. (SF) : This financial services and bank holding company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.6% over the last 60 days.Stifel Financial Corp has a price-to-earnings ratio (P/E) of 10.92 compared with 21.00 for the industry. The company possesses a Value Score of A.J Sainsbury plc (JSAIY) : This retail ...

Sainsbury’s is to cut around 1,500 roles as it starts to unroll its plan to save around £1 billion of costs. The grocer flagged its cost savings target in a strategy update on 7 February without giving any details, but today said the cuts would be at its contact centre in Widnes, in-store bakeries and local fulfilment centres. “As we move into the next phase of our strategy, we are making some difficult, but necessary decisions,” chief executive Simon Roberts said. “I know today’s news is unsettling for aff ...

J Sainsbury PLC (LSE:SBRY) shares slumped around 5% on Wednesday after the group’s new strategy update left some analysts underwhelmed due to its lack of detail. Under the plan, Sainsbury is aiming to cut costs by £1 billion within three years, while growing its food volumes. “It’s not hard to dream up such a wish list to improve the company’s fortunes,” said Russ Mould, investment director at AJ Bell. “Achieving the goal is another matter and it will cost money – something the market typically hates.” Sain ...

J Sainsbury PLC (LSE:SBRY) launched a new three-year strategy focusing on improving its food volumes while managing costs effectively, while shareholder returns remains a key area. Under the new three-year plan, the UK’s second-largest supermarket is aiming to grow food volumes ahead of the market, improve customer satisfaction and implement £1 billion in cost savings. A strong balance sheet means Sainsbury’s will increase its reinvestment into the company, but also allows for greater shareholder returns. £ ...

Sainsbury's cash plans and how it is going to use its strong balance sheet will be on investors’ minds at Wednesday's Strategy Update Day, suggests analyst Clive Black at house broker Shore Capital. “No doubt the group’s shareholders will be interested in future priorities for the firm, including capital allocation.” Black adds that while second-guessing what might be said at these events is 'not wise', he expects chief executive Simon Roberts to outline broad plans for the period covering April 2024-March ...