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

by · The Markets Daily

Currys plc (LON:CURY – Get Free Report)’s share price was up 10% 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. Approximately 565,698,688 shares changed hands during mid-day trading, an increase of 6,247% from the average daily volume of 8,913,231 shares. The stock had previously closed at GBX 126.60.

Separately, Citigroup boosted their price target on Currys from GBX 150 to GBX 166 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Currys has a consensus rating of “Buy” and an average target price of GBX 168.67.

View Our Latest Stock Analysis on Currys

Currys Stock Up 10.0%

The stock has a market cap of £1.47 billion, a PE ratio of 14.66 and a beta of 1.31. The business has a 50 day moving average price of GBX 134.34 and a 200 day moving average price of GBX 126.46. 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 – Get Free Report) last announced its quarterly earnings results on Thursday, December 18th. The company reported GBX 1.60 earnings per share for the quarter. Currys had a return on equity of 9.53% and a net margin of 2.38%. Equities research analysts expect that Currys plc will post 9.5199569 EPS for the current fiscal year.

Currys announced that its board has initiated a stock repurchase program on Thursday, September 4th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is 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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