Insider Selling: Currys (LON:CURY) Insider Sells £2,875,747.05 in Stock

Currys plc (LON:CURY) insider Alex Baldock sold 1,742,877 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of GBX 165, for a total transaction of £2,875,747.05.

Currys Price Performance

CURY stock opened at GBX 167.90 on Friday. Currys plc has a 12 month low of GBX 106 and a 12 month high of GBX 169.50. The company has a current ratio of 0.89, a quick ratio of 0.29 and a debt-to-equity ratio of 39.53. The firm has a market capitalization of £1.74 billion, a P/E ratio of 11.58 and a beta of 1.26. The firm has a 50 day moving average of GBX 156.61 and a 200-day moving average of GBX 144.57.

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

Currys announced that its Board of Directors has authorized a share buyback program on Thursday, July 2nd that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

CURY has been the topic of a number of research reports. Royal Bank Of Canada upgraded shares of Currys to an “outperform” rating and dropped their target price for the company from GBX 180 to GBX 165 in a report on Tuesday, June 16th. Citigroup increased their price target on shares of Currys from GBX 168 to GBX 184 and gave the stock a “buy” rating in a research note on Friday, July 3rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 155 price target on shares of Currys in a research report on Wednesday, May 20th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 210 price objective on shares of Currys in a research note on Tuesday, July 14th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Currys currently has an average rating of “Buy” and an average price target of GBX 178.50.

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.