Currys (LON:CURY) Reaches New 1-Year High – Time to Buy?

Currys plc (LON:CURY)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 147.20 ($1.96) and last traded at GBX 146.50 ($1.95), with a volume of 55394734 shares changing hands. The stock had previously closed at GBX 145.93 ($1.95).

Analyst Ratings Changes

CURY has been the topic of a number of recent analyst reports. Shore Capital reissued a “no recommendation” rating on shares of Currys in a report on Thursday, July 3rd. Berenberg Bank raised their price target on Currys from GBX 175 to GBX 200 and gave the company a “buy” rating in a report on Monday, October 20th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 130 price target on shares of Currys in a report on Friday, July 4th. Finally, Citigroup lifted their target price on Currys from GBX 121 to GBX 150 and gave the stock a “buy” rating in a report on Tuesday, July 15th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of GBX 160.

Currys Stock Down 0.6%

The company has a quick ratio of 0.29, a current ratio of 0.86 and a debt-to-equity ratio of 45.83. The company has a fifty day moving average price of GBX 132.23 and a 200-day moving average price of GBX 121.90. The stock has a market capitalization of £1.54 billion, a P/E ratio of 15.21 and a beta of 1.31.

Currys declared that its board has approved a stock buyback program on Thursday, September 4th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Insider Activity

In related news, insider Bruce Marsh sold 66,775 shares of Currys stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of GBX 111, for a total value of £74,120.25. Also, insider Alex Baldock sold 136,128 shares of Currys stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of GBX 113, for a total value of £153,824.64. Company 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.