Currys (LON:CURY) Receives “No Recommendation” Rating from Shore Capital

Shore Capital reissued their no recommendation rating on shares of Currys (LON:CURY) in a research report sent to investors on Wednesday, Marketbeat reports.

CURY has been the subject of several other research reports. Citigroup boosted their price target on shares of Currys from GBX 150 to GBX 166 and gave the company a “buy” rating in a report on Wednesday, October 29th. Berenberg Bank lifted their price objective on shares of Currys from GBX 210 to GBX 215 and gave the company a “buy” rating in a report on Wednesday. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 170.33.

Currys Price Performance

CURY opened at GBX 135 on Wednesday. The company has a market capitalization of £1.42 billion, a price-to-earnings ratio of 11.64 and a beta of 1.31. The company has a current ratio of 0.86, a quick ratio of 0.29 and a debt-to-equity ratio of 45.83. Currys has a 12-month low of GBX 83.95 and a 12-month high of GBX 147.20. The business’s fifty day simple moving average is GBX 128.70 and its 200-day simple moving average is GBX 127.48.

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

Currys News Summary

Here are the key news stories impacting Currys this week:

• Positive Sentiment: Berenberg raised its price target on Currys from GBX 210 to GBX 215 and kept a “buy” rating — this increases visible upside versus the current market level and is the most direct bullish catalyst for the stock today. Berenberg raise
• Neutral Sentiment: Shore Capital reaffirmed a “no recommendation” stance on Currys, which is a neutral signal that may cap the incremental buy-side momentum from upgrades but doesn’t add fresh downside pressure. Shore Capital no recommendation

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. In each of
these markets we are the market leader, employing 28,000 capable and committed colleagues. Our full range of services
and support makes it easy for our customers to discover, choose, afford and enjoy the right technology for them,
throughout their lives.