Currys plc (LON:CURY - Get Free Report) shot up 17.2% during mid-day trading on Thursday . The stock traded as high as GBX 135.60 ($1.83) and last traded at GBX 127.80 ($1.72). 249,383,500 shares changed hands during mid-day trading, an increase of 3,799% from the average session volume of 6,395,793 shares. The stock had previously closed at GBX 109 ($1.47).
Analyst Ratings Changes
Several brokerages have weighed in on CURY. Shore Capital reissued a "no recommendation" rating on shares of Currys in a report on Thursday, July 3rd. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 130 price target on shares of Currys in a research note on Friday, July 4th. Berenberg Bank reaffirmed a "buy" rating and set a GBX 175 price target on shares of Currys in a research report on Thursday. Finally, 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. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of GBX 151.67.
View Our Latest Analysis on Currys
Currys Trading Up 2.3%
The company has a fifty day simple moving average of GBX 115.23 and a two-hundred day simple moving average of GBX 109.79. The company has a market cap of £1.41 billion, a PE ratio of 1,385.26 and a beta of 1.31. The company has a current ratio of 0.86, a quick ratio of 0.29 and a debt-to-equity ratio of 45.83.
Currys (LON:CURY - Get Free Report) last posted its quarterly earnings data on Thursday, July 3rd. The company reported GBX 10 earnings per share for the quarter. Currys had a return on equity of 9.53% and a net margin of 2.38%. Analysts anticipate that Currys plc will post 9.5199569 EPS for the current year.
Currys declared that its Board of Directors has authorized a share buyback plan on Thursday, September 4th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.
Insider Activity
In related news, insider Bruce Marsh sold 66,775 shares of the business'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. Also, insider Alex Baldock sold 136,128 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of GBX 113, for a total value of £153,824.64. Insiders sold 1,246,707 shares of company stock valued at $142,888,120 in the last ninety days. Company insiders own 14.22% of the company's stock.
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.
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