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

Currys plc (LON:CURY)’s stock price 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 changed hands during mid-day 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 boosted their target price on shares of Currys from GBX 150 to GBX 166 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of GBX 168.67.

Currys Price Performance

The stock has a 50-day simple moving average of GBX 134.30 and a 200 day simple moving average of GBX 126.55. The stock has a market capitalization of £1.47 billion, a P/E ratio of 14.66 and a beta of 1.31. The company has a debt-to-equity ratio of 45.83, a quick ratio of 0.29 and a current ratio of 0.86.

Currys (LON:CURY) last released its earnings results 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%. On average, equities analysts forecast that Currys plc will post 9.5199569 earnings per share for the current fiscal year.

Currys announced that its Board of Directors has authorized a stock buyback program on Thursday, September 4th that permits the company to buyback 0 shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is 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.