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

Currys plc (LON:CURY)’s share price was up 10% during 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 traded 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 lifted their price objective on shares of Currys from GBX 150 to GBX 166 and gave the stock 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.com, Currys has an average rating of “Buy” and a consensus price target of GBX 168.67.

Currys Price Performance

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

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

Currys announced that its board has approved a share buyback program on Thursday, September 4th that permits the company to buyback 0 shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign 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.