Currys (LON:CURY) Receives Buy Rating from Berenberg Bank

Berenberg Bank restated their buy rating on shares of Currys (LON:CURY) in a report released on Thursday morning,Digital Look reports. Berenberg Bank currently has a GBX 200 target price on the stock.

Separately, Citigroup increased their price objective on Currys from GBX 150 to GBX 166 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average price target of GBX 165.33.

Currys Price Performance

Shares of CURY remained flat at GBX 131.70 during mid-day trading on Thursday. The stock had a trading volume of 1,044,471 shares, compared to its average volume of 6,290,666. The company has a 50-day moving average price of GBX 136.88 and a two-hundred day moving average price of GBX 125.82. The company has a market cap of £1.39 billion, a P/E ratio of 13.86 and a beta of 1.31. Currys has a one year low of GBX 75.60 and a one year high of GBX 147.20. The company has a debt-to-equity ratio of 45.83, a quick ratio of 0.29 and a current ratio of 0.86.

Currys announced that its board has initiated a share repurchase plan on Thursday, September 4th that permits the company to buyback 0 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are 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.