Currys (LON:CURY) Stock Price Expected to Rise, Citigroup Analyst Says

Currys (LON:CURY) had its price target hoisted by investment analysts at Citigroup from GBX 121 ($1.62) to GBX 150 ($2.01) in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports. The firm presently has a “buy” rating on the stock. Citigroup’s price objective would suggest a potential upside of 29.20% from the stock’s previous close.

Several other brokerages have also recently commented on CURY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 130 ($1.74) price target on shares of Currys in a research report on Friday, July 4th. Shore Capital restated a “no recommendation” rating on shares of Currys in a report on Thursday, July 3rd. Finally, Berenberg Bank restated a “buy” rating and set a GBX 175 ($2.35) price objective on shares of Currys in a report on Thursday, July 3rd.

Currys Stock Performance

Shares of CURY opened at GBX 116.10 ($1.56) on Tuesday. 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 stock has a market capitalization of £1.26 billion, a P/E ratio of 6.37 and a beta of 1.31. The company’s fifty day moving average is GBX 122.02 and its two-hundred day moving average is GBX 104.33. Currys has a 1 year low of GBX 71.60 ($0.96) and a 1 year high of GBX 130.18 ($1.75).

Currys (LON:CURY) last released its earnings results on Thursday, July 3rd. The company reported GBX 10 ($0.13) 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, sell-side analysts predict that Currys will post 9.5199569 earnings per share for the current year.

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.