Currys (LON:CURY) Stock Price Up 10.3% – Here’s What Happened

Shares of Currys plc (LON:CURY) shot up 10.3% during mid-day trading on Thursday . The stock traded as high as GBX 146 and last traded at GBX 139.59. 118,395,063 shares changed hands during trading, an increase of 1,569% from the average session volume of 7,094,924 shares. The stock had previously closed at GBX 126.60.

Analysts Set New Price Targets

A number of brokerages recently commented on CURY. Citigroup boosted their price objective 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. Berenberg Bank reissued a “buy” rating and issued a GBX 200 price target on shares of Currys in a research report on Thursday, November 27th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Currys currently has a consensus rating of “Buy” and a consensus target price of GBX 165.33.

Currys Price Performance

The company has a market cap of £1.46 billion, a PE ratio of 14.62 and a beta of 1.31. The company has a debt-to-equity ratio of 45.83, a current ratio of 0.86 and a quick ratio of 0.29. The stock’s 50-day moving average is GBX 134.34 and its 200 day moving average is GBX 126.46.

Currys (LON:CURY) last released its quarterly earnings results 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%. On average, equities analysts anticipate that Currys plc will post 9.5199569 earnings per share for the current fiscal year.

Currys declared that its Board of Directors has authorized a stock buyback program on Thursday, September 4th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Currys Company Profile

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.