Currys (LON:CURY) Stock Crosses Above Fifty Day Moving Average – What’s Next?

Currys plc (LON:CURY)’s share price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 158.42 and traded as high as GBX 163. Currys shares last traded at GBX 160.40, with a volume of 3,297,576 shares.

Analyst Upgrades and Downgrades

Several research firms have commented on CURY. Citigroup raised their price objective on Currys from GBX 168 to GBX 184 and gave the company a “buy” rating in a research report on Friday, July 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 155 target price on shares of Currys in a research report on Wednesday, May 20th. Berenberg Bank reiterated a “buy” rating and set a GBX 210 target price on shares of Currys in a report on Tuesday, July 14th. Finally, Royal Bank Of Canada raised Currys to an “outperform” rating and reduced their price target for the stock from GBX 180 to GBX 165 in a research report on Tuesday, June 16th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average price target of GBX 178.50.

Currys Trading Up 0.1%

The company has a market capitalization of £1.66 billion, a PE ratio of 11.05 and a beta of 1.26. The company has a current ratio of 0.89, a quick ratio of 0.29 and a debt-to-equity ratio of 39.53. The business’s 50-day simple moving average is GBX 158.92 and its two-hundred day simple moving average is GBX 146.66.

Currys (LON:CURY) last issued its quarterly earnings data on Thursday, July 2nd. The company reported GBX 13.40 earnings per share for the quarter. Currys had a return on equity of 7.10% and a net margin of 1.78%. On average, analysts predict that Currys plc will post 9.5199569 earnings per share for the current year.

Currys declared that its board has approved a share buyback plan on Thursday, July 2nd that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Currys

In other news, insider Alex Baldock sold 1,742,877 shares of the stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of GBX 165, for a total transaction of £2,875,747.05. Also, insider Bruce Marsh sold 937,215 shares of Currys stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of GBX 165, for a total value of £1,546,404.75. Over the last three months, insiders have sold 2,872,081 shares of company stock valued at $473,701,376. 15.38% of the stock is owned by company insiders.

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. In each of
these markets we are the market leader, employing 28,000 capable and committed colleagues. Our full range of services
and support makes it easy for our customers to discover, choose, afford and enjoy the right technology for them,
throughout their lives.