Currys (LON:CURY) Trading Up 10.3% – Should You Buy?

Currys plc (LON:CURYGet Free Report)’s share price was up 10.3% during mid-day trading on Thursday . The stock traded as high as GBX 146 and last traded at GBX 139.59. Approximately 118,395,063 shares changed hands during trading, an increase of 1,569% from the average daily volume of 7,094,924 shares. The stock had previously closed at GBX 126.60.

Analyst Ratings Changes

A number of equities analysts have commented on CURY shares. Citigroup lifted their price objective on shares of Currys from GBX 150 to GBX 166 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Berenberg Bank restated a “buy” rating and set a GBX 200 target price on shares of Currys in a research note on Thursday, November 27th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Currys currently has a consensus rating of “Buy” and a consensus price target of GBX 165.33.

Read Our Latest Stock Analysis on Currys

Currys Stock Performance

The company has a fifty day moving average of GBX 134.34 and a two-hundred day moving average of GBX 126.46. The firm has a market capitalization of £1.46 billion, a price-to-earnings ratio of 14.62 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.

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

Currys announced that its board has initiated a share buyback plan on Thursday, September 4th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Currys Company Profile

(Get Free Report)

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.

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