Berenberg Bank Reaffirms “Buy” Rating for Currys (LON:CURY)

Currys (LON:CURY)‘s stock had its “buy” rating restated by research analysts at Berenberg Bank in a report released on Thursday, Digital Look reports. They presently have a GBX 210 price objective on the stock. Berenberg Bank’s target price suggests a potential upside of 39.63% from the stock’s current price.

A number of other research firms also recently issued reports on CURY. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 155 price target on shares of Currys in a research note on Wednesday, May 20th. Citigroup boosted their price objective on shares of Currys from GBX 168 to GBX 184 and gave the company a “buy” rating in a report on Friday, July 3rd. Finally, Royal Bank Of Canada upgraded shares of Currys to an “outperform” rating and lowered their price objective for the company from GBX 180 to GBX 165 in a research report on Tuesday, June 16th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of GBX 178.50.

Currys Stock Performance

Currys stock opened at GBX 150.40 on Thursday. The firm has a fifty day simple moving average of GBX 158.37 and a two-hundred day simple moving average of GBX 147.08. The company has a quick ratio of 0.29, a current ratio of 0.89 and a debt-to-equity ratio of 39.53. Currys has a twelve month low of GBX 116.70 and a twelve month high of GBX 169.50. The company has a market capitalization of £1.54 billion, a PE ratio of 10.37 and a beta of 1.25.

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 return on equity of 7.10% and a net margin of 1.78%. Research analysts expect that Currys will post 9.5199569 EPS for the current year.

Currys declared that its Board of Directors has initiated a stock repurchase program on Thursday, July 2nd that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Activity

In related news, insider Bruce Marsh sold 135,051 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of GBX 164, for a total value of £221,483.64. Also, insider Elaine Bucknor bought 2,600 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The shares were acquired at an average price of GBX 151 per share, with a total value of £3,926. Insiders sold 2,872,081 shares of company stock valued at $473,701,376 in the last quarter. 16.03% of the stock is currently owned by insiders.

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.