Currys (LON:CURY) Reaches New 1-Year High – Time to Buy?

Currys plc (LON:CURY)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 147.20 ($1.96) and last traded at GBX 146.50 ($1.95), with a volume of 55394734 shares trading hands. The stock had previously closed at GBX 145.93 ($1.95).

Analyst Ratings Changes

Several brokerages have issued reports on CURY. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 130 target price on shares of Currys in a research report on Friday, July 4th. Berenberg Bank boosted their target price on Currys from GBX 175 to GBX 200 and gave the company a “buy” rating in a research report on Monday, October 20th. Shore Capital restated a “no recommendation” rating on shares of Currys in a research report on Thursday, July 3rd. Finally, Citigroup boosted their target price on Currys from GBX 121 to GBX 150 and gave the company a “buy” rating in a research report on Tuesday, July 15th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of GBX 160.

Currys Stock Down 0.6%

The company has a debt-to-equity ratio of 45.83, a current ratio of 0.86 and a quick ratio of 0.29. The stock has a market cap of £1.54 billion, a PE ratio of 15.21 and a beta of 1.31. The business has a fifty day moving average of GBX 132.23 and a 200-day moving average of GBX 121.90.

Currys announced that its Board of Directors has initiated a share repurchase plan on Thursday, September 4th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In other Currys news, insider Bruce Marsh sold 66,775 shares of the company’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of GBX 111, for a total transaction of £74,120.25. Also, insider Alex Baldock sold 136,128 shares of the company’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of GBX 113, for a total value of £153,824.64. 14.23% of the stock is currently owned by insiders.

Currys Company Profile

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.