Currys (LON:CURY) Sets New 12-Month High – Time to Buy?

Currys plc (LON:CURY) hit a new 52-week high during trading on Monday . The company traded as high as GBX 139.30 ($1.87) and last traded at GBX 138.40 ($1.86), with a volume of 278883 shares traded. The stock had previously closed at GBX 138.20 ($1.86).

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on CURY shares. Shore Capital reaffirmed 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 company a “buy” rating in a research report on Tuesday, July 15th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 130 target price on shares of Currys in a research report on Friday, July 4th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 175 price objective on shares of Currys in a report on Thursday, September 4th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Currys has a consensus rating of “Buy” and a consensus price target of GBX 151.67.

Currys Stock Performance

The company has a current ratio of 0.86, a quick ratio of 0.29 and a debt-to-equity ratio of 45.83. The firm has a fifty day moving average price of GBX 120.87 and a 200 day moving average price of GBX 114.97. The firm has a market cap of £1.50 billion, a PE ratio of 1,468.47 and a beta of 1.31.

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

Currys announced that its Board of Directors has initiated a share repurchase program on Thursday, September 4th that allows the company to buyback 0 shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Insider Transactions at Currys

In related news, insider Alex Baldock sold 136,128 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of GBX 113, for a total transaction of £153,824.64. Also, insider Bruce Marsh sold 66,775 shares of the firm’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. Insiders have sold a total of 1,246,707 shares of company stock valued at $142,888,120 over the last three months. Corporate insiders own 14.22% of the company’s stock.

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.