Currys (LON:CURY) Trading Up 10% on Analyst Upgrade

Currys plc (LON:CURY) shares rose 10% 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. Approximately 565,698,688 shares traded hands during trading, an increase of 6,247% from the average daily volume of 8,913,231 shares. The stock had previously closed at GBX 126.60.

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

Currys Price Performance

The stock has a market cap of £1.47 billion, a price-to-earnings ratio of 14.66 and a beta of 1.31. The company’s 50 day moving average is GBX 134.30 and its 200 day moving average is GBX 126.55. The company has a debt-to-equity ratio of 45.83, a current ratio of 0.86 and a quick ratio of 0.29.

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

Currys declared that its board has authorized a share buyback program on Thursday, September 4th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

About Currys

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.