Insider Buying: Currys (LON:CURY) Insider Purchases £3,926 in Stock

Currys plc (LON:CURY) insider Elaine Bucknor bought 2,600 shares of the stock in a transaction dated Tuesday, September 8th. The shares were acquired at an average price of GBX 151 per share, with a total value of £3,926.

Elaine Bucknor also recently made the following trade(s):

• On Friday, August 28th, Elaine Bucknor bought 1,000 shares of Currys stock. The shares were acquired at an average cost of GBX 152 per share, for a total transaction of £1,520.

Currys Trading Down 0.3%

LON:CURY opened at GBX 147.70 on Friday. The company has a debt-to-equity ratio of 39.53, a quick ratio of 0.29 and a current ratio of 0.89. Currys plc has a one year low of GBX 116.70 and a one year high of GBX 169.50. The business’s 50-day simple moving average is GBX 157.88 and its 200 day simple moving average is GBX 147.03. The stock has a market cap of £1.51 billion, a price-to-earnings ratio of 10.19 and a beta of 1.25.

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

Currys declared that its board has approved a stock buyback plan on Thursday, July 2nd that allows the company to buyback 0 shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

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

Currys News Roundup

Here are the key news stories impacting Currys this week:

• Positive Sentiment: Currys reported a strong start to its financial year, with like-for-like revenue up 7% over the first 17 weeks. The company said trading was supported by heatwaves and World Cup-related demand for televisions and fan products, and remains on track to meet its full-year expectations. Currys reports strong start to year boosted by heatwaves and World Cup
• Positive Sentiment: Berenberg reaffirmed its “buy” rating and GBX 210 price target, implying substantial upside to recent trading levels and signaling continued confidence in Currys’ valuation and outlook. Berenberg reaffirms Currys buy rating
• Positive Sentiment: Director Elaine Bucknor purchased 2,600 Currys shares at an average of GBX 151, following another purchase in August. Insider buying can be viewed as a modest confidence signal, although the transaction is small relative to the company’s market value. Elaine Bucknor acquires Currys shares
• Neutral Sentiment: Shareholders approved all resolutions at Currys’ 10 September annual meeting. However, dissent over the appointment of a new director highlights a governance issue that investors may continue to monitor. Currys AGM backs governance measures
• Neutral Sentiment: A new AMV BBDO advertising campaign built around “viral dad energy” may support brand engagement, but it is unlikely to materially affect near-term earnings. Currys and AMV BBDO advertising campaign
• Negative Sentiment: GlobalData cautioned that rival mobile networks are increasingly competing with Currys in technology and handset sales, potentially limiting growth in a strategically important category. This concern helps explain why the stock has weakened despite the 7% revenue increase. GlobalData warns of mobile network competition

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.