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

Currys plc (LON:CURY) shares traded up 10% during trading 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 lifted their price target on shares of Currys from GBX 150 to GBX 166 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Currys presently has a consensus rating of “Buy” and a consensus target price of GBX 168.67.

Currys Trading Up 10.0%

The company has a market capitalization of £1.47 billion, a PE ratio of 14.66 and a beta of 1.31. The company has a fifty day simple moving average of GBX 134.34 and a 200-day simple moving average of GBX 126.46. The company has a current ratio of 0.86, a quick ratio of 0.29 and a debt-to-equity ratio of 45.83.

Currys (LON:CURY) last announced its quarterly earnings results 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%. Analysts predict that Currys plc will post 9.5199569 EPS for the current year.

Currys announced that its board has approved a stock buyback plan on Thursday, September 4th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board 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.