Currys (LON:CURY) Trading 10% Higher on 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 increased their price target on shares of Currys from GBX 150 to GBX 166 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Currys has a consensus rating of “Buy” and an average price target of GBX 168.67.

Currys Price Performance

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

Currys (LON:CURY) last announced its earnings results on Thursday, December 18th. The company reported GBX 1.60 earnings per share (EPS) for the quarter. Currys had a return on equity of 9.53% and a net margin of 2.38%. Research analysts predict that Currys plc will post 9.5199569 EPS for the current fiscal year.

Currys announced that its Board of Directors has authorized a share repurchase plan on Thursday, September 4th that allows the company to buyback 0 shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership 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.