Currys (LON:CURY) Stock Price Up 10% Following Analyst Upgrade

by · The Cerbat Gem

Currys plc (LON:CURY – Get Free Report)’s share price shot 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 changed hands 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 raised their price target on shares of Currys from GBX 150 to GBX 166 and gave the company a “buy” rating in a report on Wednesday, October 29th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 168.67.

View Our Latest Stock Analysis on CURY

Currys Stock Performance

The firm has a market capitalization of £1.47 billion, a price-to-earnings ratio of 14.66 and a beta of 1.31. The company has a 50-day moving average of GBX 134.34 and a 200-day moving average of GBX 126.46. The company has a current ratio of 0.86, a quick ratio of 0.29 and a debt-to-equity ratio of 45.83.

Currys (LON:CURY – Get Free Report) last issued its earnings results on Thursday, December 18th. The company reported GBX 1.60 EPS for the quarter. Currys had a return on equity of 9.53% and a net margin of 2.38%. On average, equities research analysts forecast 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 stock buyback program on Thursday, September 4th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Currys Company Profile

(Get Free Report)

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.

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