Insider Selling: Currys (LON:CURY) Insider Sells £469,410.44 in Stock

Key Points

• Currys insider Bruce Marsh sold 321,514 shares at GBX 146 each, worth approximately £469,410. He also made several earlier sales, including 937,215 shares for about £1.55 million in July.
• Currys shares opened at GBX 152.80, with a market capitalization of approximately £1.56 billion and a price range of GBX 116.70 to GBX 169.50 over the past year.
• Analysts remain positive, with four firms rating Currys a Buy and a consensus price target of GBX 178.50; Citigroup and Berenberg set targets of GBX 184 and GBX 210, respectively.

Currys plc (LON:CURY - Get Free Report) insider Bruce Marsh sold 321,514 shares of the business's stock in a transaction on Wednesday, October 14th. The shares were sold at an average price of GBX 146, for a total transaction of £469,410.44.

Bruce Marsh also recently made the following trade(s):

• On Wednesday, October 14th, Bruce Marsh sold 23,486 shares of Currys stock. The stock was sold at an average price of GBX 146, for a total value of £34,289.56.
• On Wednesday, October 14th, Bruce Marsh sold 155,000 shares of Currys stock. The stock was sold at an average price of GBX 146, for a total value of £226,300.
• On Monday, August 3rd, Bruce Marsh sold 135,051 shares of Currys stock. The shares were sold at an average price of GBX 164, for a total value of £221,483.64.
• On Monday, August 3rd, Bruce Marsh sold 56,938 shares of Currys stock. The shares were sold at an average price of GBX 164, for a total value of £93,378.32.
• On Tuesday, July 28th, Bruce Marsh sold 937,215 shares of Currys stock. The shares were sold at an average price of GBX 165, for a total value of £1,546,404.75.

Currys Trading Up 1.3%

Shares of CURY stock opened at GBX 152.80 on Friday. The company has a debt-to-equity ratio of 39.53, a quick ratio of 0.29 and a current ratio of 0.89. Currys plc has a 1 year low of GBX 116.70 and a 1 year high of GBX 169.50. The stock has a fifty day moving average of GBX 150.46 and a two-hundred day moving average of GBX 147.42. The firm has a market capitalization of £1.56 billion, a PE ratio of 10.54 and a beta of 1.25.

Currys announced that its Board of Directors has authorized a share repurchase plan on Thursday, July 2nd that authorizes the company to buy back 0 shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research firms have commented on CURY. Citigroup raised their target price on shares of Currys from GBX 168 to GBX 184 and gave the company a "buy" rating in a research note on Friday, July 3rd. Berenberg Bank restated a "buy" rating and set a GBX 210 price target on shares of Currys in a research report on Thursday, September 10th. Four equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company has a consensus 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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