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    SBRY   GB00B019KW72

J SAINSBURY PLC

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J Sainsbury : Britain's Sainsbury's to keep stores shut on Boxing Day

09/13/2021 | 11:33am EDT
FILE PHOTO: Signage for Sainsbury's is seen at a branch of the supermarket in London

(Clarifies that figure in last paragraph refers to 170,000 store workers)

LONDON (Reuters) - Sainsbury's, Britain's second largest supermarket group, will keep all its stores shut on Boxing Day this year, saying it wants to reward staff after a year battling the COVID-19 pandemic.

"The decision to keep all stores shut has been made in recognition of the extraordinary efforts of colleagues throughout a challenging 18 months, since the start of the pandemic," it said on Monday.

Sainsbury's, which employs 170,000 store workers, is one of Britain's biggest private sector employers.

(Reporting by James Davey; editing by Michael Holden)


ę Reuters 2021
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Analyst Recommendations on J SAINSBURY PLC
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Financials
Sales 2022 29 864 M 40 767 M 40 767 M
Net income 2022 406 M 554 M 554 M
Net Debt 2022 6 260 M 8 545 M 8 545 M
P/E ratio 2022 17,2x
Yield 2022 3,93%
Capitalization 6 772 M 9 240 M 9 244 M
EV / Sales 2022 0,44x
EV / Sales 2023 0,43x
Nbr of Employees 117 000
Free-Float 98,7%
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Mean consensus HOLD
Number of Analysts 17
Last Close Price 292,50 GBX
Average target price 279,56 GBX
Spread / Average Target -4,42%
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Managers and Directors
Simon John Roberts Chief Executive Officer & Director
Kevin O'Byrne Chief Financial Officer & Director
Martin A. Scicluna Chairman
Richard Philip Newsome Chief Technology Officer
Phil Jordan Group Chief Information Officer
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