Currys (LON:CURY) Earns “Buy” Rating from Berenberg Bank

Currys (LON:CURY)‘s stock had its “buy” rating reissued by Berenberg Bank in a report issued on Friday,Digital Look reports. They presently have a GBX 125 ($1.62) target price on the stock. Berenberg Bank’s price objective points to a potential upside of 42.57% from the stock’s current price.

Separately, Shore Capital restated a “not rated” rating on shares of Currys in a report on Thursday, January 16th.

Currys Stock Performance

Shares of LON:CURY traded up GBX 1.53 ($0.02) during midday trading on Friday, reaching GBX 87.68 ($1.13). 334,506 shares of the company traded hands, compared to its average volume of 5,439,436. The firm’s fifty day moving average price is GBX 92.21 and its two-hundred day moving average price is GBX 87.03. The firm has a market capitalization of £952.83 million, a price-to-earnings ratio of 4.81 and a beta of 1.31. The company has a quick ratio of 0.29, a current ratio of 0.86 and a debt-to-equity ratio of 45.83. Currys has a 12 month low of GBX 56.60 ($0.73) and a 12 month high of GBX 101.60 ($1.31).

Currys (LON:CURY) last released its earnings results on Thursday, December 12th. The company reported GBX (0.70) (($0.01)) EPS for the quarter. Currys had a net margin of 2.38% and a return on equity of 9.53%. On average, equities analysts expect that Currys will post 9.5199569 earnings per share for the current year.

Insider Buying and Selling at Currys

In related news, insider Octavia Morley bought 35,000 shares of Currys stock in a transaction dated Tuesday, January 28th. The shares were acquired at an average cost of GBX 90 ($1.16) per share, with a total value of £31,500 ($40,718.72). Company insiders own 10.33% of the company’s stock.

About Currys

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.