Citigroup Forecasts Strong Price Appreciation for Currys (LON:CURY) Stock

Currys (LON:CURY) had its target price hoisted by equities research analysts at Citigroup from GBX 168 to GBX 184 in a report issued on Friday,Digital Look reports. The firm presently has a “buy” rating on the stock. Citigroup’s price target suggests a potential upside of 14.59% from the company’s current price.

A number of other research analysts have also weighed in on CURY. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 155 price target on shares of Currys in a research note on Wednesday, May 20th. Royal Bank Of Canada upgraded Currys to an “outperform” rating and cut their price objective for the stock from GBX 180 to GBX 165 in a research note on Tuesday, June 16th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 210 target price on shares of Currys in a report on Thursday. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Currys presently has a consensus rating of “Buy” and a consensus price target of GBX 178.50.

Currys Stock Performance

Shares of LON CURY opened at GBX 160.58 on Friday. The company’s fifty day moving average price is GBX 142.87 and its 200 day moving average price is GBX 139.73. Currys has a 1 year low of GBX 106 and a 1 year high of GBX 169.41. The company has a market capitalization of £1.67 billion, a PE ratio of 13.84 and a beta of 1.27. The company has a debt-to-equity ratio of 40.08, a quick ratio of 0.29 and a current ratio of 0.87.

Currys (LON:CURY) last released its quarterly earnings data on Thursday, July 2nd. The company reported GBX 13.40 earnings per share for the quarter. Currys had a net margin of 1.46% and a return on equity of 5.88%. On average, research analysts predict that Currys will post 9.5199569 earnings per share for the current year.

Currys declared that its board has initiated a stock repurchase plan on Thursday, July 2nd that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors 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. 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.