Currys (LON:CURY) Trading 10% Higher Following Analyst Upgrade

Currys plc (LON:CURY)’s stock price was 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. Approximately 565,398,750 shares changed hands during trading, an increase of 6,244% from the average daily volume of 8,912,012 shares. The stock had previously closed at GBX 126.60.

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

Currys Stock Performance

The company has a debt-to-equity ratio of 45.83, a quick ratio of 0.29 and a current ratio of 0.86. The company has a market cap of £1.47 billion, a price-to-earnings ratio of 14.66 and a beta of 1.31. The stock’s fifty day simple moving average is GBX 134.34 and its two-hundred day simple moving average is GBX 126.46.

Currys (LON:CURY) last announced its quarterly earnings results on Thursday, December 18th. The company reported GBX 1.60 earnings per share (EPS) for the quarter. Currys had a return on equity of 9.53% and a net margin of 2.38%. Equities research analysts anticipate that Currys plc will post 9.5199569 EPS for the current year.

Currys declared that its Board of Directors has approved a stock repurchase program on Thursday, September 4th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is 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.