Currys (LON:CURY) Stock Price Up 10% Following Analyst Upgrade

Currys plc (LON:CURY)’s share price traded up 10% on Thursday after Berenberg Bank raised their price target on the stock from GBX 200 to GBX 210. Berenberg Bank currently has a buy rating on the stock. Currys traded as high as GBX 146 and last traded at GBX 139.26. 565,698,688 shares were traded during mid-day trading, an increase of 6,247% from the average session volume of 8,913,231 shares. The stock had previously closed at GBX 126.60.

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

Currys Price Performance

The company has a current ratio of 0.86, a quick ratio of 0.29 and a debt-to-equity ratio of 45.83. The stock has a market cap of £1.47 billion, a PE ratio of 14.66 and a beta of 1.31. The company’s 50 day moving average is GBX 134.30 and its 200-day moving average is GBX 126.55.

Currys (LON:CURY) last posted its quarterly earnings data on Thursday, December 18th. The company reported GBX 1.60 earnings per share 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 plc will post 9.5199569 earnings per share for the current year.

Currys declared that its Board of Directors has approved a share repurchase plan on Thursday, September 4th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans 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.