Currys plc (LON:CURY – Get Free Report) shares hit a new 52-week high on Thursday . The stock traded as high as GBX 169.50 and last traded at GBX 168.90, with a volume of 47152398 shares traded. The stock had previously closed at GBX 168.
Analysts Set New Price Targets
A number of equities analysts have weighed in on CURY shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 155 price objective on shares of Currys in a research note on Wednesday, May 20th. Citigroup raised their target price on Currys from GBX 168 to GBX 184 and gave the stock a “buy” rating in a report on Friday, July 3rd. Berenberg Bank reiterated a “buy” rating and set a GBX 210 price target on shares of Currys in a research report on Tuesday, July 14th. Finally, Royal Bank Of Canada raised Currys to an “outperform” rating and decreased their price target for the company from GBX 180 to GBX 165 in a report on Tuesday, June 16th. Four equities research 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 price target of GBX 178.50.
Get Our Latest Analysis on CURY
Currys Stock Performance
Currys (LON:CURY – Get Free Report) last posted its earnings results on Thursday, July 2nd. The company reported GBX 13.40 earnings per share (EPS) for the quarter. Currys had a net margin of 1.78% and a return on equity of 7.10%. As a group, sell-side analysts expect that Currys plc will post 9.5199569 earnings per share for the current fiscal year.
Currys declared that its Board of Directors has initiated a share repurchase program on Thursday, July 2nd that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.
Insider Activity at Currys
In other news, insider Alex Baldock sold 1,742,877 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of GBX 165, for a total transaction of £2,875,747.05. Also, insider Bruce Marsh sold 937,215 shares of Currys stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of GBX 165, for a total transaction of £1,546,404.75. 15.37% of the stock is currently owned by company insiders.
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.
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