J Sainsbury plc : ESG rating supports the bullish trend
Entry price | Target | Stop-loss | Potential |
---|
GBX 331.3 |
GBX 363 |
GBX 319.6 |
+9.57% |
---|
J Sainsbury plc retails food. The Company operates Sainsbury supermarkets in the United Kingdom, convenience stores, an Internet-based home delivery service, and Sainsbury Bank. The Bank offers saving accounts, credit cards, mortgages, insurance products, and consumer loans.
The retail company is trading 10 times earnings per share estimates for this financial year. This weak ratio makes the company as cheaper than average sector. Sainsbury is ranking as first retail company concerning ESG rating (environmental, social and governance), according FTSE rating.
Technically the share has gained over than 18% from bottom level on June. The bullish trend is supported by moving average, and allows reaching the mid-term resistance of GBp 332.5. This level should be over crossed in the next trading sessions. In this case we advise a long position on the stock in order to aim the level of GBp 362.8. A stop loss will be placed below GBp 320.
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