Currys (LON:CURY) Insider Sells £1,546,404.75 in Stock

Currys plc (LON:CURY) insider Bruce Marsh sold 937,215 shares of the stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of GBX 165, for a total transaction of £1,546,404.75.

Currys Trading Down 0.2%

Shares of Currys stock opened at GBX 167.90 on Friday. The company has a debt-to-equity ratio of 39.53, a current ratio of 0.89 and a quick ratio of 0.29. The firm has a fifty day moving average price of GBX 156.61 and a 200 day moving average price of GBX 144.57. Currys plc has a 1 year low of GBX 106 and a 1 year high of GBX 169.50. The stock has a market cap of £1.74 billion, a PE ratio of 11.58 and a beta of 1.26.

Currys (LON:CURY) last posted its quarterly earnings results on Thursday, July 2nd. The company reported GBX 13.40 EPS for the quarter. Currys had a net margin of 1.78% and a return on equity of 7.10%. Equities research analysts predict that Currys plc will post 9.5199569 earnings per share for the current year.

Currys announced that its Board of Directors has approved a share repurchase program on Thursday, July 2nd that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Royal Bank Of Canada upgraded Currys to an “outperform” rating and reduced their price target for the company from GBX 180 to GBX 165 in a research report on Tuesday, June 16th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 155 price objective on shares of Currys in a research report on Wednesday, May 20th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 210 target price on shares of Currys in a report on Tuesday, July 14th. Finally, Citigroup boosted their target price on shares of Currys from GBX 168 to GBX 184 and gave the company a “buy” rating in a research note on Friday, July 3rd. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Currys has an average rating of “Buy” and an average target price of GBX 178.50.

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. In each of
these markets we are the market leader, employing 28,000 capable and committed colleagues. Our full range of services
and support makes it easy for our customers to discover, choose, afford and enjoy the right technology for them,
throughout their lives.