Currys (LON:CURY) Reaches New 52-Week High – Time to Buy?

Currys plc (LON:CURY)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 137.90 ($1.85) and last traded at GBX 136.90 ($1.84), with a volume of 5037282 shares traded. The stock had previously closed at GBX 136.70 ($1.84).

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CURY. Shore Capital reiterated a “no recommendation” rating on shares of Currys in a research report on Thursday, July 3rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 130 price target on shares of Currys in a research note on Friday, July 4th. Berenberg Bank reissued a “buy” rating and issued a GBX 175 price target on shares of Currys in a research note on Thursday, September 4th. Finally, Citigroup upped their price objective on shares of Currys from GBX 121 to GBX 150 and gave the company a “buy” rating in a research note on Tuesday, July 15th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Currys presently has a consensus rating of “Buy” and an average price target of GBX 151.67.

Currys Stock Down 0.8%

The company has a market capitalization of £1.47 billion, a PE ratio of 1,437.85 and a beta of 1.31. The company’s 50 day moving average is GBX 119.16 and its two-hundred day moving average is GBX 113.37. 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 issued its quarterly earnings data on Thursday, July 3rd. The company reported GBX 10 EPS for the quarter. Currys had a net margin of 2.38% and a return on equity of 9.53%. On average, analysts anticipate that Currys plc will post 9.5199569 earnings per share for the current year.

Currys announced that its board has initiated a stock buyback program on Thursday, September 4th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

Insider Activity

In related news, insider Bruce Marsh sold 66,775 shares of Currys stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of GBX 111, for a total transaction of £74,120.25. Also, insider Alex Baldock sold 136,128 shares of Currys stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of GBX 113, for a total transaction of £153,824.64. Insiders sold a total of 1,246,707 shares of company stock valued at $142,888,120 in the last 90 days. Company insiders own 14.22% of the company’s stock.

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.