Insider Buying: Currys (LON:CURY) Insider Purchases 2,600 Shares of Stock

Key Points

• Insider buying: Currys director Elaine Bucknor purchased 2,600 shares at GBX 151 each, worth £3,926, following a 1,000-share purchase in August.
• Stock performance: Currys shares opened at GBX 150.30 and were down 0.2%, with a 52-week range of GBX 116.70 to GBX 169.50 and a market capitalization of £1.54 billion.
• Analyst sentiment remains positive: All four covered analysts rate Currys a “Buy,” with an average price target of GBX 178.50 versus the current share price.

Currys plc (LON:CURY - Get Free Report) insider Elaine Bucknor purchased 2,600 shares of the business's stock in a transaction dated Tuesday, September 8th. The stock was purchased at an average price of GBX 151 per share, for a total transaction of £3,926.

Elaine Bucknor also recently made the following trade(s):

• On Friday, August 28th, Elaine Bucknor purchased 1,000 shares of Currys stock. The shares were purchased at an average cost of GBX 152 per share, for a total transaction of £1,520.

Currys Trading Down 0.2%

Shares of Currys stock opened at GBX 150.30 on Wednesday. Currys plc has a 1 year low of GBX 116.70 and a 1 year high of GBX 169.50. The company has a market capitalization of £1.54 billion, a price-to-earnings ratio of 10.37 and a beta of 1.25. The business has a fifty day simple moving average of GBX 158.61 and a two-hundred day simple moving average of GBX 147.11. The company has a debt-to-equity ratio of 39.53, a current ratio of 0.89 and a quick ratio of 0.29.

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

Currys declared that its board has approved a share buyback program on Thursday, July 2nd that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

CURY has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 155 price objective on shares of Currys in a research report on Wednesday, May 20th. 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. Royal Bank Of Canada raised shares of Currys to an "outperform" rating and decreased their price objective for the company from GBX 180 to GBX 165 in a research note on Tuesday, June 16th. Finally, Citigroup raised their target price on Currys from GBX 168 to GBX 184 and gave the company 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 stock presently has an average rating of "Buy" and an average price target 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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