Currys’ (CURY) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank restated their buy rating on shares of Currys (LON:CURY) in a report issued on Thursday, MarketBeat reports. Berenberg Bank currently has a GBX 215 price objective on the stock.

Separately, Shore Capital Group reiterated a “no recommendation” rating on shares of Currys in a research report on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of GBX 170.33.

Currys Price Performance

Shares of Currys stock opened at GBX 120.07 on Thursday. The company has a quick ratio of 0.29, a current ratio of 0.87 and a debt-to-equity ratio of 40.08. The stock has a market capitalization of £1.26 billion, a price-to-earnings ratio of 10.35 and a beta of 1.17. Currys has a twelve month low of GBX 86.05 and a twelve month high of GBX 162.80. The company has a 50-day simple moving average of GBX 145.68 and a two-hundred day simple moving average of GBX 137.87.

Key Stories Impacting Currys

Here are the key news stories impacting Currys this week:

• Positive Sentiment: Continued share buy‑back — Currys has repurchased a further tranche of shares under its ongoing programme, reducing outstanding share count and supporting EPS. Buy‑back Tranche
• Positive Sentiment: Share cancellation — the group cancelled 200,000 repurchased shares (announced 25 March), a direct capital‑return action that tightens float and is typically supportive for the share price. Share Cancellation
• Positive Sentiment: Broker support — Berenberg reaffirmed a “buy” rating with a GBX 215 price target, offering an independent valuation that may reassure investors after recent volatility. Broker Rating
• Neutral Sentiment: No named successor yet — reports state CEO Alex Baldock will step down after eight years but the board has not announced a permanent replacement, leaving a period of leadership uncertainty. CEO Departure Details
• Negative Sentiment: CEO departure shock — Alex Baldock’s unexpected exit (after eight years and a credited turnaround) triggered an initial sharp sell‑off as investors weigh leadership risk and strategy continuity; multiple outlets covered the story and cited a notable share drop on the news. CEO Resignation Coverage

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. 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.