Currys (LON:CURY) Stock Price Up 10% Following Analyst Upgrade

Currys plc (LON:CURY)’s stock price traded up 10% during mid-day trading on Thursday after Berenberg Bank raised their price target on the stock from GBX 200 to GBX 210. Berenberg Bank currently has a buy rating on the stock. Currys traded as high as GBX 146 and last traded at GBX 139.26. 565,398,750 shares were traded during trading, an increase of 6,244% from the average session volume of 8,912,012 shares. The stock had previously closed at GBX 126.60.

Separately, Citigroup boosted their price target on shares of Currys from GBX 150 to GBX 166 and gave the company a “buy” rating in a report on Wednesday, October 29th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of GBX 168.67.

Currys Stock Performance

The company has a market cap of £1.47 billion, a P/E ratio of 14.66 and a beta of 1.31. The company has a quick ratio of 0.29, a current ratio of 0.86 and a debt-to-equity ratio of 45.83. The company has a 50 day moving average price of GBX 134.34 and a 200-day moving average price of GBX 126.46.

Currys (LON:CURY) last issued its quarterly earnings data on Thursday, December 18th. The company reported GBX 1.60 earnings per share for the quarter. Currys had a net margin of 2.38% and a return on equity of 9.53%. Equities analysts expect that Currys plc will post 9.5199569 EPS for the current fiscal year.

Currys announced that its board has approved a share repurchase program on Thursday, September 4th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

Currys Company Profile

Currys plc is a leading omnichannel retailer of technology products and services, operating online and through over 800
stores in 8 countries. We Help Everyone Enjoy Amazing Technology, however they choose to shop with us.

In the UK & Ireland we trade as Currys; in the Nordics under the Elkjøp brand and as Kotsovolos in Greece.