Berenberg Bank Reiterates “Buy” Rating for Currys (LON:CURY)

Currys (LON:CURY)‘s stock had its “buy” rating reaffirmed by equities research analysts at Berenberg Bank in a research report issued to clients and investors on Thursday,Digital Look reports. They currently have a GBX 200 price target on the stock. Berenberg Bank’s target price indicates a potential upside of 51.86% from the stock’s previous close.

Separately, Citigroup raised their price target on shares of Currys from GBX 150 to GBX 166 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 165.33.

Currys Stock Performance

LON CURY remained flat at GBX 131.70 during trading on Thursday. The company’s stock had a trading volume of 1,044,471 shares, compared to its average volume of 6,290,666. The company has a quick ratio of 0.29, a current ratio of 0.86 and a debt-to-equity ratio of 45.83. Currys has a 12-month low of GBX 75.60 and a 12-month high of GBX 147.20. The stock has a fifty day moving average price of GBX 136.88 and a two-hundred day moving average price of GBX 125.82. The company has a market capitalization of £1.39 billion, a price-to-earnings ratio of 13.86 and a beta of 1.31.

Currys declared that its board has approved a share repurchase program on Thursday, September 4th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is 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.