Currys (LON:CURY) Sets New 1-Year High – Still a Buy?

Shares of Currys plc (LON:CURY) hit a new 52-week high on Monday . The company traded as high as GBX 194.20 and last traded at GBX 149.10, with a volume of 3355637 shares traded. The stock had previously closed at GBX 150.38.

Analyst Ratings Changes

Several equities analysts have commented on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 155 target price on shares of Currys in a research report on Wednesday, May 20th. Royal Bank Of Canada raised Currys to an “outperform” rating and lowered their price objective for the company from GBX 180 to GBX 165 in a research note on Tuesday, June 16th. Berenberg Bank reiterated a “buy” rating and set a GBX 210 target price on shares of Currys in a research report on Tuesday, July 14th. Finally, Citigroup lifted 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, July 3rd. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Currys has an average rating of “Buy” and an average target price of GBX 178.50.

Currys Stock Down 1.9%

The stock has a market cap of £1.52 billion, a price-to-earnings ratio of 10.17 and a beta of 1.26. The company has a current ratio of 0.89, a quick ratio of 0.29 and a debt-to-equity ratio of 39.53. The stock’s 50-day moving average price is GBX 159.45 and its 200-day moving average price is GBX 146.99.

Currys (LON:CURY) last posted 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 1.78% and a return on equity of 7.10%. On average, sell-side analysts expect that Currys plc will post 9.5199569 earnings per share for the current year.

Currys announced that its Board of Directors has authorized a share buyback program on Thursday, July 2nd that allows the company to buyback 0 shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Insider Activity

In related news, insider Bruce Marsh sold 937,215 shares of the stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of GBX 165, for a total value of £1,546,404.75. Also, insider Alex Baldock sold 1,742,877 shares of the firm’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of GBX 165, for a total value of £2,875,747.05. Over the last three months, insiders sold 2,872,081 shares of company stock valued at $473,701,376. Corporate insiders own 15.38% of the company’s stock.

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.