Insider Buying: Currys (LON:CURY) Insider Buys £1,520 in Stock

Currys plc (LON:CURY) insider Elaine Bucknor acquired 1,000 shares of Currys stock in a transaction dated Friday, August 28th. The shares were bought at an average cost of GBX 152 per share, with a total value of £1,520.

Currys Stock Up 0.6%

Shares of Currys stock opened at GBX 154.90 on Monday. Currys plc has a 12-month low of GBX 116.70 and a 12-month high of GBX 169.50. The firm has a market capitalization of £1.58 billion, a PE ratio of 10.68 and a beta of 1.26. The company has a quick ratio of 0.29, a current ratio of 0.89 and a debt-to-equity ratio of 39.53. The stock’s fifty day moving average is GBX 158.83 and its 200-day moving average is GBX 147.13.

Currys (LON:CURY) last issued its quarterly earnings results 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%. Equities analysts anticipate that Currys plc will post 9.5199569 earnings per share for the current year.

Currys announced that its Board of Directors has initiated a stock repurchase plan on Thursday, July 2nd that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

CURY has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 155 price target on shares of Currys in a research report on Wednesday, May 20th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 210 price target on shares of Currys in a research note on Tuesday, July 14th. Citigroup raised their price objective on shares of Currys from GBX 168 to GBX 184 and gave the company a “buy” rating in a research report on Friday, July 3rd. Finally, Royal Bank Of Canada upgraded shares of Currys to an “outperform” rating and cut their price target for the company from GBX 180 to GBX 165 in a report on Tuesday, June 16th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, Currys currently has a consensus rating of “Buy” and an average target price of GBX 178.50.

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. 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.