Bernstein reiterates Tesco and Sainsbury's hold ratings
The supermarket industry had a boost thanks to Bernstein reiterating some of its ratings.
Food & Drug Retailers
4,391.32
17:09 18/11/24
0.30%
12.93
FTSE 100
8,109.32
16:35 18/11/24
n/a
n/a
FTSE 350
4,473.50
17:09 18/11/24
n/a
n/a
FTSE All-Share
4,431.13
16:49 18/11/24
n/a
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Sainsbury (J)
245.00p
16:35 18/11/24
0.16%
0.40p
Tesco
347.90p
17:00 18/11/24
0.64%
2.20p
The investment firm has reiterated its outperform ratings for UK supermarket chains Tesco and Sainsbury.
It comes ahead of tomorrow’s trading update for Sainsbury.
It’s the second lot of supermarket ratings it has flagged this week, after upgrading its rating for WM Morrison Supermarkets to Hold.
Sainsbury was up 3.2p (1.42%) to 229.3p per share, while Tesco was up 5.7p (3.43%) to 171.9p per share at 1616 BST.