Currys (LON:CURY) Shares Up 10% Following Analyst Upgrade

Shares of Currys plc (LON:CURY) were 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. Approximately 565,698,688 shares were traded during trading, an increase of 6,247% from the average daily volume of 8,913,231 shares. The stock had previously closed at GBX 126.60.

Separately, Citigroup lifted their target price 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, Currys has an average rating of “Buy” and a consensus price target of GBX 168.67.

Currys Stock Performance

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 company has a market cap of £1.47 billion, a PE ratio of 14.66 and a beta of 1.31. The business’s 50 day moving average is GBX 134.34 and its two-hundred day moving average is GBX 126.46.

Currys (LON:CURY) last announced 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%. On average, equities research analysts anticipate that Currys plc will post 9.5199569 EPS for the current year.

Currys declared that its board has approved a stock repurchase plan on Thursday, September 4th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

About Currys

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.