Currys (LON:CURY) Receives Hold Rating from Berenberg Bank

Currys (LON:CURYGet Rating)‘s stock had its “hold” rating reissued by equities researchers at Berenberg Bank in a note issued to investors on Thursday, Digital Look reports. They currently have a GBX 70 ($0.85) price target on the stock. Berenberg Bank’s target price points to a potential upside of 9.20% from the company’s current price.

A number of other brokerages have also commented on CURY. Barclays cut their target price on Currys from GBX 90 ($1.09) to GBX 80 ($0.97) and set an “equal weight” rating for the company in a research note on Friday, July 8th. Shore Capital reiterated a “not rated” rating on shares of Currys in a research note on Thursday, July 7th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a GBX 95 ($1.15) price objective on shares of Currys in a research note on Monday, May 30th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Currys presently has a consensus rating of “Hold” and a consensus price target of GBX 111.25 ($1.34).

Currys Stock Performance

Shares of LON CURY opened at GBX 64.10 ($0.77) on Thursday. The business has a fifty day simple moving average of GBX 66.22 and a 200 day simple moving average of GBX 79.45. The company has a current ratio of 0.79, a quick ratio of 0.30 and a debt-to-equity ratio of 53.94. The firm has a market capitalization of £726.57 million and a price-to-earnings ratio of 1,068.33. Currys has a one year low of GBX 58.45 ($0.71) and a one year high of GBX 143 ($1.73).

Insider Transactions at Currys

In other news, insider Alex Baldock sold 239,768 shares of the stock in a transaction on Monday, July 25th. The stock was sold at an average price of GBX 71 ($0.86), for a total transaction of £170,235.28 ($205,697.54).

Currys Company Profile

(Get Rating)

Currys Plc operates as a retailer of technology products and services. The company operates through UK & Ireland, Nordics, and Greece segments. It offers consumer electronics and mobile technology products and services; and mobile virtual network operator and consumer electrical repair services. The company also sells its products through online; and offers insurance services.

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