Currys (LON:CURY) Hits New 52-Week High – Still a Buy?

Currys plc (LON:CURY)’s share price hit a new 52-week high on Thursday . The company traded as high as GBX 169.50 and last traded at GBX 168.90, with a volume of 47152398 shares changing hands. The stock had previously closed at GBX 168.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CURY shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 155 price objective on shares of Currys in a report on Wednesday, May 20th. Citigroup increased 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. Berenberg Bank reissued a “buy” rating and set a GBX 210 target price on shares of Currys in a research report on Tuesday, July 14th. Finally, Royal Bank Of Canada upgraded Currys to an “outperform” rating and lowered their price target for the company from GBX 180 to GBX 165 in a research note on Tuesday, June 16th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Currys presently has an average rating of “Buy” and a consensus price target of GBX 178.50.

Currys Price Performance

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 stock’s 50 day simple moving average is GBX 156.61 and its two-hundred day simple moving average is GBX 144.57. The stock has a market cap of £1.74 billion, a price-to-earnings ratio of 11.58 and a beta of 1.26.

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

Currys declared that its board has approved a share repurchase program on Thursday, July 2nd that allows the company to buyback 0 shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Insider Activity

In related news, insider Bruce Marsh sold 937,215 shares of the company’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of GBX 165, for a total value of £1,546,404.75. Also, insider Alex Baldock sold 1,742,877 shares of the company’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of GBX 165, for a total transaction of £2,875,747.05. 15.37% of the stock is currently owned by insiders.

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.