Currys (LON:CURY) Hits New 52-Week High – Time to Buy?

Currys plc (LON:CURY) hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 163.60 and last traded at GBX 160.58, with a volume of 4605731 shares trading hands. The stock had previously closed at GBX 159.60.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Royal Bank Of Canada raised Currys to an “outperform” rating and decreased their price objective for the stock from GBX 180 to GBX 165 in a report on Tuesday, June 16th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 210 price objective on shares of Currys in a report on Thursday. Citigroup increased their target price on shares of Currys from GBX 168 to GBX 184 and gave the stock a “buy” rating in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 155 target price on shares of Currys in a research report on Wednesday, May 20th. Four research 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 178.50.

Currys Price Performance

The firm has a market cap of £1.66 billion, a P/E ratio of 13.79 and a beta of 1.27. The business’s fifty day simple moving average is GBX 142.87 and its 200-day simple moving average is GBX 139.73. The company has a current ratio of 0.87, a quick ratio of 0.29 and a debt-to-equity ratio of 40.08.

Currys (LON:CURY) last posted its quarterly earnings results on Thursday, July 2nd. The company reported GBX 13.40 EPS for the quarter. Currys had a return on equity of 5.88% and a net margin of 1.46%. As a group, analysts forecast that Currys plc will post 9.5199569 EPS for the current fiscal year.

Currys announced that its board has initiated a share repurchase plan on Thursday, July 2nd that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board 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.