UK's Sainsbury dips after Goldman Sachs double downgrades rating

J Sainsbury

27/04/2026 08:48

** Shares of British supermarket group Sainsbury SBRY.L dip over 4.5% to 330.40p; second worst performer on the FTSE 100 index .FTSE

** Goldman Sachs double-downgrades stock rating to "Sell" from "Buy" and trims PT to 335p from 390p

** Last week, co warned that uncertainty over the impact of the Iran war on shoppers is clouding its outlook and could drag profits lower this year

     ** Goldman says "outlook from here is likely to be more challenging"

** On average, 13 analysts rate the stock "hold"; their median PT is 360p - data compiled by LSEG

** Up to last close, stock had risen 2.8% YTD

(Reporting by Joel Jose in Bengaluru)

((joeljose@thomsonreuters.com))