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

Currys plc (LON:CURY)’s share price 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 traded 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 increased their target price 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 data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 168.67.

Currys Stock Up 10.0%

The stock has a market capitalization of £1.47 billion, a P/E ratio of 14.66 and a beta of 1.31. The company has a current ratio of 0.86, a quick ratio of 0.29 and a debt-to-equity ratio of 45.83. The stock’s 50-day moving average price is GBX 134.34 and its two-hundred day moving average price is GBX 126.46.

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

Currys declared that its board has initiated a share repurchase program on Thursday, September 4th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign 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.