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

Currys plc (LON:CURY)’s share price rose 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. Approximately 565,698,688 shares were traded during 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 upped their target price on Currys from GBX 150 to GBX 166 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 168.67.

Currys Stock Performance

The company has a 50 day simple moving average of GBX 134.34 and a 200 day simple moving average 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. 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 released its quarterly earnings data on Thursday, December 18th. The company reported GBX 1.60 earnings per share (EPS) for the quarter. Currys had a net margin of 2.38% and a return on equity of 9.53%. As a group, equities research analysts forecast that Currys plc will post 9.5199569 EPS for the current year.

Currys announced that its Board of Directors has authorized a stock repurchase program on Thursday, September 4th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is 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.