Currys (LON:CURY) Trading 10% Higher After Analyst Upgrade

Shares of Currys plc (LON:CURYGet Free Report) 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 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. 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 target price of GBX 168.67.

View Our Latest Research Report on Currys

Currys Price Performance

The firm 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 debt-to-equity ratio of 45.83, a quick ratio of 0.29 and a current ratio of 0.86. The business has a 50 day simple moving average of GBX 134.30 and a two-hundred day simple moving average of GBX 126.55.

Currys (LON:CURYGet Free Report) last announced its earnings results on Thursday, December 18th. The company reported GBX 1.60 earnings per share (EPS) for the quarter. Currys had a net margin of 2.38% and a return on equity of 9.53%. On average, sell-side analysts expect that Currys plc will post 9.5199569 EPS for the current fiscal year.

Currys announced that its board has authorized a share buyback program on Thursday, September 4th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

About Currys

(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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