Insider Buying: Currys (LON:CURY) Insider Purchases 1,000 Shares of Stock

Key Points

• Currys insider Elaine Bucknor purchased 1,000 shares at GBX 152 each on August 28, for a total investment of £1,520.
• Currys shares opened at GBX 154.90, with a 52-week range of GBX 116.70–169.50 and a market capitalization of approximately £1.58 billion.
• Analysts maintain a consensus “Buy” rating with an average price target of GBX 178.50; recent targets range from GBX 155 to GBX 210.

Currys plc (LON:CURY - Get Free Report) insider Elaine Bucknor acquired 1,000 shares of the business's stock in a transaction dated Friday, August 28th. The stock was purchased at an average price of GBX 152 per share, for a total transaction of £1,520.

Currys Price Performance

CURY opened at GBX 154.90 on Monday. Currys plc has a 52-week low of GBX 116.70 and a 52-week high of GBX 169.50. The company has a 50 day moving average of GBX 158.83 and a two-hundred day moving average of GBX 147.13. The company has a market cap of £1.58 billion, a P/E ratio of 10.68 and a beta of 1.26. The company has a quick ratio of 0.29, a current ratio of 0.89 and a debt-to-equity ratio of 39.53.

Currys (LON:CURY - Get Free Report) last announced its quarterly earnings results on Thursday, July 2nd. The company reported GBX 13.40 earnings per share for the quarter. Currys had a net margin of 1.78% and a return on equity of 7.10%. On average, analysts expect that Currys plc will post 9.5199569 earnings per share for the current year.

Currys declared that its board has approved a stock buyback plan on Thursday, July 2nd that allows the company to buyback 0 shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 155 price objective on shares of Currys in a research note on Wednesday, May 20th. Royal Bank Of Canada upgraded Currys to an "outperform" rating and lowered their price objective for the stock from GBX 180 to GBX 165 in a research note on Tuesday, June 16th. Berenberg Bank reiterated a "buy" rating and issued a GBX 210 price objective on shares of Currys in a research report on Tuesday, July 14th. Finally, Citigroup increased their price objective on Currys from GBX 168 to GBX 184 and gave the stock a "buy" rating in a report on Friday, July 3rd. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of GBX 178.50.

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. 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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