Join our community of smart investors

Snap up Sainsbury

Supermarket giant's shares are bouncing back, and are worth buying once more
November 29, 2012

Having recommended selling Sainsbury shares on 2 November, we are switching to buyers once more, says Andrew Gibson at www.galvan.co.uk.

The profit-taking that ensued after its better-than-expected financial results has now run its course, and we now see the share price squeezing to the upside. Buy at 333p, targeting 360p, with a stop loss at 320p.