CFDs are a leveraged product and can result in losses that exceed deposits. Please ensure you fully understand how CFDs work and what their risks are, and take care to manage your exposure. CFDs are a leveraged product and can result in losses that exceed deposits. Please ensure you fully understand how CFDs work and what their risks are, and take care to manage your exposure.

Bernstein reiterates ‘outperform’ rating ahead of Sainsbury’s full-year results

Analysts remain optimistic about Sainsbury’s share price trajectory ahead of its full-year results next week, with the stock outperforming the broader market amid the Covid-19 crisis.

Analysts remain optimistic about Sainsbury's share price trajectory ahead of its full-year results next week, despite the stock coming under pressure amid the Covid-19 pandemic.

Bernstein reiterated its ‘outperform’ rating for Sainsbury’s in April, with Barclays Capital sticking with its ‘overweight’ assessment and analysts from Berenberg also staying with their ‘buy’ rating.

According to analysts’ consensus price target of 241p a share, Sainsbury’s has a potential upside of 20% from its current level of 201p.

Sainsbury’s shares have struggled this year, with the stock down 13% year-to-date. However, the supermarket chain is more resilient than the broader market, with the FTSE 100 down 23% over the same period.

Rivals like Tesco and Morrisons, however, have fared far better than Sainsbury’s amid challenging market conditions, with the pair down 8% and 7% respectively.

Sainsbury’s will unveil its full-year results on Thursday 30 April.

Sainsbury’s grateful for business rates holiday

Sainsbury’s and other UK retailers have been given a 100% business rates reprieve for the next 12 months by the government, helping to relieve some of the pressure imposed on the supermarket chain as a result of the Covid-19 crisis.

‘We welcome the support for these businesses and we are awaiting further clarification on the details of this change,’ the company said.

Sainsbury’s paid UK business rates of £567 million in the financial year to 9 March 2019, of which around £500 million related to stores.

How to trade stocks with IG

Looking to trade Sainsbury's and other stocks? Open a live or demo account with IG and buy (long) or sell (short) the asset using derivatives like CFDs in a few easy steps:

  • Create an IG trading account or log in to your existing account

  • Enter ‘Metro Bank’ in the search bar and select it

  • Choose your position size

  • Click on ‘buy’ or ‘sell’ in the deal ticket

  • Confirm the trade

This information has been prepared by IG, a trading name of IG Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
CFDs are a leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.

Act on share opportunities today

Go long or short on thousands of international stocks with CFDs.

  • Get full exposure for a comparatively small deposit
  • Trade on spreads from just 0.1%
  • Get greater order book visibility with direct market access

See opportunity on a stock?

Try a risk-free trade in your demo account, and see whether you’re on to something.

  • Log in to your demo
  • Try a risk-free trade
  • See whether your hunch pays off

See opportunity on a stock?

Don’t miss your chance – upgrade to a live account to take advantage.

  • Trade a huge range of popular stocks
  • Analyse and deal seamlessly on fast, intuitive charts
  • See and react to breaking news in-platform

See opportunity on a stock?

Don’t miss your chance. Log in to take advantage while conditions prevail.

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Friday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.