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

Currys plc (LON:CURY)’s stock price was 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. Approximately 565,698,688 shares changed 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 raised their price objective on shares of Currys from GBX 150 to GBX 166 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, Currys presently has an average rating of “Buy” and a consensus target price of GBX 168.67.

Currys Stock Performance

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

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%. As a group, analysts predict that Currys plc will post 9.5199569 earnings per share for the current fiscal year.

Currys declared that its board has authorized a share repurchase plan on Thursday, September 4th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board of directors 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.