Currys plc (LON:CURY – Get Free Report)’s share price reached a new 52-week high on Tuesday . The stock traded as high as GBX 143.86 ($1.92) and last traded at GBX 143.50 ($1.91), with a volume of 1330854 shares. The stock had previously closed at GBX 142 ($1.89).
Analyst Ratings Changes
CURY has been the topic of several recent analyst reports. Citigroup boosted their price objective on shares of Currys from GBX 121 to GBX 150 and gave the stock a “buy” rating in a research note on Tuesday, July 15th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 130 price objective on shares of Currys in a research note on Friday, July 4th. Shore Capital restated a “no recommendation” rating on shares of Currys in a research note on Thursday, July 3rd. Finally, Berenberg Bank restated a “buy” rating and set a GBX 175 price objective on shares of Currys in a research note on Thursday, September 4th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of GBX 151.67.
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Currys Stock Performance
Currys declared that its Board of Directors has approved a share buyback plan on Thursday, September 4th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.
Insider Activity at Currys
In related news, insider Bruce Marsh sold 316,501 shares of the business’s stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of GBX 115, for a total value of £363,976.15. Also, insider Alex Baldock sold 671,132 shares of the business’s stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of GBX 115, for a total value of £771,801.80. Insiders have sold 1,246,707 shares of company stock worth $142,888,120 over the last ninety days. Insiders own 14.23% of the company’s stock.
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.
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