Berenberg Bank Reiterates Buy Rating for Currys (LON:CURY)

Currys (LON:CURY)‘s stock had its “buy” rating reiterated by stock analysts at Berenberg Bank in a report released on Thursday, Marketbeat Ratings reports. They currently have a GBX 175 price target on the stock. Berenberg Bank’s price target points to a potential upside of 35.98% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. Shore Capital reissued a “no recommendation” rating on shares of Currys in a research note on Thursday, July 3rd. Citigroup increased their target price on Currys from GBX 121 to GBX 150 and gave the stock a “buy” rating in a research note on Tuesday, July 15th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 130 price target on shares of Currys in a report on Friday, July 4th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Currys presently has a consensus rating of “Buy” and an average price target of GBX 151.67.

Currys Trading Up 2.1%

LON CURY opened at GBX 128.70 on Thursday. The company has a quick ratio of 0.29, a current ratio of 0.86 and a debt-to-equity ratio of 45.83. Currys has a twelve month low of GBX 74.90 and a twelve month high of GBX 136.30. The firm has a market capitalization of £1.38 billion, a PE ratio of 1,354.74 and a beta of 1.31. The stock’s 50 day moving average is GBX 115.23 and its 200 day moving average is GBX 109.65.

Currys (LON:CURY) last released its quarterly earnings results on Thursday, July 3rd. The company reported GBX 10 earnings per share for the quarter. Currys had a return on equity of 9.53% and a net margin of 2.38%. Research analysts forecast that Currys will post 9.5199569 earnings per share for the current fiscal year.

Currys announced that its board has approved a share repurchase plan on Thursday, September 4th that permits the company to buyback 0 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board believes its shares are undervalued.

Insider Transactions at Currys

In other Currys news, insider Alex Baldock sold 136,128 shares of the company’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of GBX 113, for a total value of £153,824.64. Also, insider Bruce Marsh sold 66,775 shares of the company’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of GBX 111, for a total value of £74,120.25. In the last 90 days, insiders sold 1,246,707 shares of company stock valued at $142,888,120. Company insiders own 14.22% of the company’s stock.

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.