Currys’ (CURY) “Buy” Rating Reaffirmed at Berenberg Bank

Currys (LON:CURY)‘s stock had its “buy” rating reaffirmed by Berenberg Bank in a research report issued to clients and investors on Tuesday,London Stock Exchange reports. They currently have a GBX 210 price objective on the stock. Berenberg Bank’s target price indicates a potential upside of 31.00% from the company’s previous close.

Several other research analysts also recently commented on CURY. Citigroup lifted their price target on shares of Currys from GBX 168 to GBX 184 and gave the stock a “buy” rating in a research note on Friday, July 3rd. Royal Bank Of Canada raised shares of Currys to an “outperform” rating and reduced their target price for the company from GBX 180 to GBX 165 in a report on Tuesday, June 16th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 155 target price on shares of Currys in a research report on Wednesday, May 20th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of GBX 178.50.

Currys Stock Performance

LON:CURY opened at GBX 160.30 on Tuesday. Currys has a 52-week low of GBX 106 and a 52-week high of GBX 169.41. The firm has a market cap of £1.66 billion, a price-to-earnings ratio of 11.06 and a beta of 1.26. The company has a debt-to-equity ratio of 39.53, a quick ratio of 0.29 and a current ratio of 0.89. The business’s fifty day moving average is GBX 147.38 and its 200 day moving average is GBX 141.16.

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

Currys declared that its board has initiated a share repurchase plan on Thursday, July 2nd 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 plans are typically a sign that the company’s management believes its shares are undervalued.

Currys News Summary

Here are the key news stories impacting Currys this week:

• Neutral Sentiment: The headlines center on NBA chatter around LeBron James potentially joining the Warriors, Stephen Curry’s comments on the team’s future, and Draymond Green’s remarks. This is sports-related media noise and not a business update for Currys plc. Warriors’ True Feelings on LeBron James Pursuit Revealed After Curry, Green Push
• Neutral Sentiment: Additional articles discuss Stephen Curry’s golf appearances, American Century Championship results, and his father Dell Curry’s comments about the Warriors’ championship window. None of these appear related to Currys plc fundamentals, earnings, or operations. Stephen Curry’s Father Dell Says Warriors Need LeBron James as Championship Window Shrinks
• Neutral Sentiment: One item is a recipe article about coconut chicken curry, which has no apparent relevance to Currys plc’s stock performance. Quick Coconut Chicken Curry Recipe With Rice

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.