Currys (LON:CURY) Given Buy Rating at Berenberg Bank

Berenberg Bank restated their buy rating on shares of Currys (LON:CURY) in a research note issued to investors on Thursday morning, MarketBeat.com reports. They currently have a GBX 215 target price on the stock.

Separately, Shore Capital Group restated a “no recommendation” rating on shares of Currys in a research note on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Currys presently has a consensus rating of “Buy” and a consensus target price of GBX 170.33.

Currys Stock Performance

CURY stock opened at GBX 118.30 on Thursday. The company has a quick ratio of 0.29, a current ratio of 0.87 and a debt-to-equity ratio of 40.08. The firm has a market cap of £1.24 billion, a PE ratio of 10.20 and a beta of 1.17. The business has a 50 day moving average of GBX 145.77 and a 200-day moving average of GBX 137.93. Currys has a 12-month low of GBX 86.05 and a 12-month high of GBX 162.80.

Trending Headlines about Currys

Here are the key news stories impacting Currys this week:

• Positive Sentiment: Berenberg has reaffirmed a “buy” rating on Currys and set a GBX 215 price target — a bullish analyst view that implies significant upside vs. the current share price. Digital Look broker ratings
• Positive Sentiment: Currys cancelled 200,000 repurchased ordinary shares on 25 March as part of its ongoing buyback program, a structural share-count reduction that is typically supportive for EPS and shareholder returns. TipRanks: Currys Cancels 200,000 Shares
• Neutral Sentiment: There are unrelated media items referencing the Curry family (Steph & Ayesha) that are noise and not connected to Currys plc’s business or outlook. Investors can ignore these when assessing CURY. TotalProsports: Stephen Curry and Wife Ayesha
• Negative Sentiment: CEO Alex Baldock will step down after eight years leading the turnaround of the group; leadership change creates near-term uncertainty about strategy and execution, a common catalyst for selling pressure. Reuters: Currys CEO to step down
• Negative Sentiment: Market reaction: multiple outlets report shares “slid” or “sank” on the news as investors sold into the uncertainty despite Baldock’s positive legacy — this immediate sentiment-driven selling is driving today’s price decline. MSN: Currys shares sink as boss announces exit

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.