Currys (LON:CURY) Price Target Raised to GBX 210

Currys (LON:CURY) had its price target upped by research analysts at Berenberg Bank from GBX 200 to GBX 210 in a note issued to investors on Thursday, MarketBeat Ratings reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price objective would suggest a potential upside of 50.86% from the stock’s current price.

Separately, Citigroup boosted their target price on Currys from GBX 150 to GBX 166 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 168.67.

Currys Stock Up 10.0%

Currys stock opened at GBX 139.20 on Thursday. The company has a market capitalization of £1.47 billion, a PE ratio of 14.65 and a beta of 1.31. Currys has a 12-month low of GBX 82 and a 12-month high of GBX 147.20. The firm’s fifty day moving average is GBX 134.34 and its 200 day moving average is GBX 126.46. 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 (LON:CURY) last posted its quarterly earnings results on Thursday, December 18th. The company reported GBX 1.60 EPS for the quarter. Currys had a net margin of 2.38% and a return on equity of 9.53%. As a group, sell-side analysts predict that Currys will post 9.5199569 EPS for the current fiscal year.

Currys declared that its Board of Directors has authorized a stock repurchase plan on Thursday, September 4th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management 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.