Currys (LON:CURY) Stock Price Up 10% After Analyst Upgrade

Currys plc (LON:CURY) shares traded up 10% during mid-day trading on Thursday after Berenberg Bank raised their price target on the stock from GBX 200 to GBX 210. Berenberg Bank currently has a buy rating on the stock. Currys traded as high as GBX 146 and last traded at GBX 139.26. 565,698,688 shares changed hands during mid-day trading, an increase of 6,247% from the average session volume of 8,913,231 shares. The stock had previously closed at GBX 126.60.

Separately, Citigroup boosted their price target on Currys from GBX 150 to GBX 166 and gave the company a “buy” rating in a report on Wednesday, October 29th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of GBX 168.67.

Currys Stock Performance

The company has a market cap of £1.47 billion, a PE ratio of 14.66 and a beta of 1.31. The company has a debt-to-equity ratio of 45.83, a quick ratio of 0.29 and a current ratio of 0.86. The stock’s 50-day simple moving average is GBX 134.34 and its 200 day simple moving average is GBX 126.46.

Currys (LON:CURY) last posted its quarterly earnings results on Thursday, December 18th. The company reported GBX 1.60 earnings per share for the quarter. Currys had a return on equity of 9.53% and a net margin of 2.38%. As a group, equities analysts anticipate that Currys plc will post 9.5199569 EPS for the current year.

Currys announced that its board has approved a stock repurchase plan on Thursday, September 4th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors 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.