Currys plc (LON:CURY - Get Free Report) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 158.42 and traded as high as GBX 163. Currys shares last traded at GBX 160.40, with a volume of 3,297,576 shares.
Wall Street Analysts Forecast Growth
CURY has been the topic of a number of research reports. Berenberg Bank reissued a "buy" rating and issued a GBX 210 target price on shares of Currys in a research note on Tuesday, July 14th. Citigroup upped their price target on shares of Currys from GBX 168 to GBX 184 and gave the stock a "buy" rating in a research report on Friday, July 3rd. Royal Bank Of Canada upgraded Currys to an "outperform" rating and lowered their price target for the company from GBX 180 to GBX 165 in a report on Tuesday, June 16th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 155 price objective on shares of Currys in a research report on Wednesday, May 20th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of GBX 178.50.
Get Our Latest Report on Currys
Currys Price Performance
The stock has a market cap of £1.66 billion, a PE ratio of 11.06 and a beta of 1.26. The company has a debt-to-equity ratio of 39.53, a current ratio of 0.89 and a quick ratio of 0.29. The business has a fifty day moving average of GBX 158.42 and a 200 day moving average of GBX 146.42.
Currys (LON:CURY - Get Free Report) last posted its quarterly earnings data on Thursday, July 2nd. The company reported GBX 13.40 earnings per share (EPS) for the quarter. Currys had a return on equity of 7.10% and a net margin of 1.78%. Sell-side analysts anticipate that Currys plc will post 9.5199569 earnings per share for the current year.
Currys announced that its board has initiated a stock repurchase plan on Thursday, July 2nd that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.
Insiders Place Their Bets
In other news, insider Bruce Marsh sold 937,215 shares of the business's stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of GBX 165, for a total value of £1,546,404.75. Also, insider Alex Baldock sold 1,742,877 shares of the business's stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of GBX 165, for a total transaction of £2,875,747.05. Insiders have sold a total of 2,872,081 shares of company stock worth $473,701,376 over the last quarter. 15.38% of the stock is currently owned by insiders.
About Currys
(
Get Free Report)
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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